NJ Gas Prices Hit All-Time High, NYC Not Far Behind

Gas prices are surging on a mix of increased demand and global market pressures caused by the war in Ukraine

NBC Universal, Inc.

The Garden State remains one of just two states that don’t allow drivers to pump their own gas, but after seven decades that could soon change. NBC New York’s Gaby Acevedo reports.

The price of a gallon of regular unleaded gasoline in New Jersey hit an all-time high on Monday, AAA said, and prices in New York City aren't far behind.

A gallon of gas will, on average, set you back $4.17 in Jersey on Monday. That's up almost 15% in just one week. Prices were already rising due to increased demand, and then the war in Ukraine sent global markets into a frenzy.

AAA said New York City's all-time high of $4.41 a gallon, set in the summer of 2008, could be surpassed later this week. The current average is $4.29, up about 10% in a week.

It's not just the tri-state, either -- in Philadelphia gas prices hit $4.30 on Monday, an all-time record that was 50 cents higher than a week ago.

While a few pennies may not seem meaningful immediately, they add up. According to the U.S. Energy Information Administration, Americans consume about 338 million gallons of gas every day -- meaning the country's total gas consumption will cost about $154 million more today than it did last Monday.

And the pressure's not just on regular gas for consumers -- truck drivers are getting hammered too. AAA said the price of diesel rose 10 cents overnight in New York City, and now stands at $5.01 per gallon.

Exit mobile version