PUMP PATROL: Average NJ gas prices rose again overnight. Could you be paying $6 a gallon soon?
Average gas prices in New Jersey rose another few cents overnight and are now approaching the $5 a gallon mark, but it doesn't seem to be slowing down drivers in New Jersey as we approach Memorial Day weekend.
News 12 Staff
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May 19, 2022, 11:54 AM
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Updated 698 days ago
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306ds agoAverage gas prices in New Jersey rose another few cents overnight and
are now approaching the $5 a gallon mark, but it doesn't
seem to be slowing down drivers in New Jersey as we approach Memorial Day weekend.
AAA predicts more than 936,000 residents from New Jersey will
drive at least 50 miles over the holiday. Air travel is also projected to be up
this year -- it's about a 5% increase over 2021 despite gas prices on average
costing $1.50 higher than a year ago. Air travel is expected to increase around
23%.
Some industry experts predict $6 a gallon gas is not out of the
question due to the ongoing war in Ukraine and supply and demand.
According to JP Morgan, gas prices could increase by another 37%
come August. That would be $6.20 on average nationwide.
People on social media told News 12’s Jim
Murdoch that they're trying gas-saving tactics like combining
their errand runs. Some said they bought electric scooters. Others planned
to cut back on trips to the Jersey Shore.
Many people are saying the prices are simply not sustainable.
