New Jersey Gas Prices Continue to Stay Low

Despite the fact that our fine Governor (and - to be fair - others in Trenton) wants to add a $0.23 gas tax... Gas prices in New Jersey are at a record low!

But why?

According to NJ.com,

What's driving pump prices down is a slide in crude oil and wholesale gas prices, which continued on Monday morning. Crude oil was priced at $43.76 a barrel and wholesale gas at $1.34 a gallon on the New York Mercantile Exchange on Monday morning, according to NASDAQ.

That's consistent with pricing predictions made by Tom Kloza, Oil Price Information Service senior petroleum analyst. Barring a hurricane shutting down Gulf Coast refineries, the market based price drops will keep coming through the fall, Kloza said.

Sounds promising!  Especially for those of us that commute...

Now, Let's see what the politicians in Trenton do with this gas tax...