Pain at the pump! South Jersey sees $ 4 / gallon of gasoline

While regular unleaded gasoline still hovers around $ 3.25 / gallon in much of southern Jersey, the price of premium fuel is a whole different story.

Leasehold, a station in Egg Harbor Township was selling the good stuff (93 octane) for $ 4.01 / gallon on Saturday afternoon.

So why are gas prices high and rising even after the the state reduced the gasoline tax October 1?

Ultra 93 gasoline sells for over $ 4 / gallon at Sunoco on the Black Horse Pike in Egg Harbor Township – Photo: Chris Coleman

Tracy Noble, Head of Public and Government Affairs for AAA Mid-Atlantic, says the probable causes for the increase are a slight increase in demand and the high price of crude oil.

“Gasoline prices in New Jersey remain at the highest levels of 2021, despite the recent gasoline tax cut and the seasonal shift to blended fuels for the winter,” Noble said. “We never see prices going down as fast as they are going up, but the fact that they are going up even with the recent gas tax cut is certainly an anomaly.”

At the same time last year, regular unleaded was averaging $ 2.23 / gallon and the premium was $ 2.79 statewide in the garden, according to AAA.

And if you find yourself in parts of North Jersey soon, gasbuddy.com reports you can still find gasoline for just under $ 3 / gallon and a small handful of stations.

With previous reporting by Michael Symons of Townsquare Media

LOOK: See how much gasoline cost the year you started driving

To learn more about how the price of gasoline has changed over the years, Stacker has calculated the figures for the cost of a gallon of gasoline for each of the past 84 years. Using Bureau of Labor Statistics data (published in April 2020), we analyzed the average price of a gallon of regular unleaded gasoline from 1976 to 2020 as well as the Consumer Price Index (CPI) for regular unleaded gasoline from 1937 to 1976, including absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gasoline over time and rediscover how bad a gallon was when you first started driving.

WATCH: Here are 25 ways to start saving money today

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