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The Week

New Jersey drivers saw no change in the state gasoline average this week while surrounding states saw slight increases.  As the summer driving season continues, local drivers are paying between 70 cents and $1 more than one year ago. In its latest weekly report, the Energy Information Administration (EIA) reported that gas demand grew slightly last week. Additionally, total domestic gas stocks saw a slight decline. These trends have helped to stabilize price increases; however, crude oil prices have fluctuated in the past week and if they stay less expensive, it could mean cheaper prices ahead. Though, AAA expects the national average to remain above $3 per gallon throughout the summer.

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

 

07/23/21

Week Ago

Year Ago

National

$3.15

$3.16

$2.18

New Jersey

$3.17

$3.17

$2.19

Trenton

$3.23

$3.23

$2.22

Cape May County

$3.22

$3.20

$2.23

Burlington

$3.13

$3.13

$2.18

Middlesex, Somerset, Hunterdon Counties

$3.20

$3.19

$2.21

Monmouth, Ocean Counties

$3.20

$3.19

$2.20

Crude Oil

$72.07 per barrel (07/23/21)

$71.81 per barrel 07/16/21)

$41.29per barrel (07/24/20)

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $72.07 per barrel, 26 cents higher than last Friday’s close. Earlier this week, crude prices tumbled to $66 per barrel due to market concerns that the spread of the COVID-19 delta variant will slow potential economic growth. However, market concern about the ongoing pandemic has reversed, helping to push crude prices higher. Prices have increased despite EIA reporting that total domestic crude inventories rose last week and plans by the Organization of the Petroleum Exporting Countries to increase production next month.

The Weekend
“It’s been a cruel summer at the gas pump with prices showing little signs of relief,” said Tracy E. Noble, Manager of Public and Government Affairs for AAA Mid-Atlantic.  “Although New Jersey drivers are paying more than last year, it’s not stopping them from filling up and taking that Great American Road Trip this summer.”

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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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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