Do NJ Gas Prices Have a Silver Lining? [AUDIO]
We've all made a fuss about the price of gas in New Jersey at one time or another, but the next time you pull up to the pump, realize that it may not be so bad after all.
You may want to stop short before ever complaining about it again.
When the cost of gas spikes in your neighborhood, it's hard to imagine that anyone else has it worse than you. But new information released by Gasbuddy.com shows New Jersey may be one of the most reasonably priced areas in the country, and the amount of daily changes is lower here than throughout the rest of the nation.
Although gas prices are fluctuating all the time, Senior Petroleum Analyst Patrick DeHaan tells us we have it better than a lot of places out there.
"One of the key factors of how prices are determined is supply and demand. We are seeing a couple of cents here and there in Jersey with the highest around 10 or 15 cents at a time. It's a lot better here than in, say the Great Lakes states."
According to new research compiled by the website, they found that the Great Lakes states are the highest in the nation with some stations changing anywhere from 20 to 30 cents in one day. Jersey hasn't seen that spike in quite some time.
"While major markets like LA, NY and Chicago get much of the attention and criticism, they're not even in the top 20 among cities that see the steepest price hikes. The steep price hikes recorded in more than 25 cities in the Midwest dwarf the increases seen in the rest of the country," he explained.
"And nowhere is it worse than Ft. Wayne, Indiana. So far this year, Fort Wayne has recorded the highest single day average price hike -34 cents per gallon-- among its three highest daily changes. It is followed by: Indianapolis, (.32); Dayton, OH (.31); Columbus, OH (.30) and Toledo, OH (.28)"
The site examined the 'frequency of price changes,' as well and learned Midwest and West Coast regions led the way with the number of days that prices changed a penny or more per gallon.
"If the East Coast has a mild hurricane season this year, that could help keep pricing stable."