AAA Contact

Tracy E. Noble

Manager, Public and Government Affairs

(609) 570-4131Office

(609) 306-2523Cell

Twitter:@AAANJNews

AAA News Releases:www.AAA.com/AAANews

The Week

Drivers throughout the region haven’t seen much change at the pump in the last week or the last month. The average for a gallon of regular gasoline in New Jersey and the Philadelphia 5 county area is down a penny in the last week and up only two cents in the last month. South Jersey and Delaware have seen a bit more movement. South Jersey is down two cents in the last week and down three cents in the last month while Delaware is unchanged in the last week but up by six cents in the last month. Crude oil supplies declined this week as supplies of gasoline increased, creating further volatility in the market.

Today’s national gas price average is $2.18, unchanged in the last week, down a penny in the last month and down 54 cents from this time last year.

CURRENT AND PAST GAS PRICE AVERAGES
     Regular Unleaded Gasoline (*indicates record high)

 

 

 

07/31/20

 

Week Ago

 

Year Ago

 

National

 

$2.18

 

$2.18

 

$2.72

 

New Jersey

 

$2.18

 

$2.19

 

$2.79

 

Trenton

 

$2.22

 

$2.21

 

$2.85

 

Cape May County

 

$2.26

 

$2.26

 

$2.84

 

Burlington

 

$2.16

 

$2.18

 

$2.71

 

Middlesex, Somerset, Hunterdon Counties

 

$2.20

 

$2.20

 

$2.79

 

Monmouth, Ocean Counties

 

$2.20

 

$2.20

 

$2.80

 

Crude Oil

 

$40.27 per barrel (7/31/20)

 

$41.29 per barrel (7/24/20)

 

$55.66per barrel (8/2/19)

 

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $40.27 per barrel, $1.02 lower than last Friday’s close. Following the Energy Information Administration’s (EIA) latest report showing a large drop in crude supplies, crude prices edged higher. However, prices fell Thursday following a tweet from the President suggesting the U.S. should postpone the November election. The market was also impacted by news that the U.S. economy contracted at its steepest pace since the Great Depression in the second quarter.

The Weekend

“Although gas prices haven’t changed much in the past few weeks, prices are likely to fluctuate throughout the rest of the summer due to COVID-19 concerns,” says Tracy E. Noble, manager of Public and Government Affairs for AAA Mid-Atlantic. “Pump prices have been pushing less expensive recently as gasoline demand continues to drop.”

The Week Ahead

As forecasters keep watch of Hurricane Isaias moving toward Florida’s eastern coast, analysts are not very concerned about an impact on oil and natural-gas production. Should the storm change direction and head to the Gulf of Mexico, the threat to oil production could grow and influence oil and gas prices.

AAA has a variety of resources to help motorists save on fuel:


 

 


AAA provides automotive, travel, and insurance services to 60 million members nationwide and nearly two million members in New Jersey.AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years. AAA is a non-stock, non-profit corporation working on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app (AAA.com/mobile) for iPhone, iPad and Android. For more information, visit www.AAA.com. 

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TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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