[ad_1]
Hang on to your wallet.
Pump prices rose 8 cents per gallon over the past week in Garden State, from $ 2.51 to $ 2.59 on average, and are expected to continue to increase for at least two next few months.
Robert Sinclair Jr., Media Relations Manager for AAA Northeast, said that this was part of the normal rise and fall in gasoline prices, and that, for now, "we are in the rising part of the cycle ", as the weather heats up, take the road and demand increases.
"We are also witnessing the transition to so-called low vapor pressure gasoline, also called reformulated gasoline or summer gasoline," he said.
He added that this gas is designed to reduce the amount of ozone created by your vehicle's emissions, "so that the formula now goes to a lower vapor pressure .This also helps to reduce the evaporation of fuel. the essence of your tank, especially when refueling. "
He added that these blends are more complicated to refine and more difficult to distribute, leading to higher prices.
Sinclair said the price of crude oil had also risen from about $ 10 in recent months, which also helps drive up gasoline prices.
He said prices should continue to rise at least until the end of May, and possibly until July 4th, increasing again by 10 to 20 cents – but after that, they will start to fall slowly.
"This could or could not happen depending on a variety of factors – the availability of crude oil, any political turmoil likely to occur in the major oil-producing regions," he said.
He added that even though gasoline is becoming more expensive, "drivers should realize that in New Jersey, gas is still the least expensive in the region."
New AAA study finds prices in New Jersey average 2 cents per gallon cheaper than gasoline in Connecticut, 7 cents cheaper than New York and 16 cents cheaper than Pennsylvania .
South Carolina, Mississippi, Arkansas and Alabama have the cheapest gasoline per gallon, an average of $ 2.30, while gasoline in Hawaii costs the more expensive at 3.35 USD per gallon.
You can contact reporter David Matthau at [email protected].
More from New Jersey 101.5:
[ad_2]
Source link