AAA: New Year, Lower Gas Prices

Posted: December 31st, 1969

Florham Park, N.J., January 7, 2019 — Continuing the downward trend from last year, New Jersey rang in the new year with lower gas prices. Today’s average price for a gallon of regular gas is $2.34, down three cents from last week ($2.37) and 14 cents from a month ago ($2.48). New Jersey motorists are paying 23 cents less for a gallon of regular gas than they were on January 7, 2018 ($2.57). The average gas price for the first week of January is the third-cheapest this decade, behind 2016 ($1.83) and 2015 ($2.23).

AAA Northeast’s January 7th survey of fuel prices found the current national average to be $2.23, down three cents from last week ($2.26). Today’s national average price is 20 cents cheaper than a month ago ($2.43) and 26 cents cheaper than on January 7, 2018 ($2.49).

“The lowest gasoline demand in nearly two years continues to drive prices lower,” said Robert Sinclair Jr., Manager of Media Relations for AAA Northeast. “At the same time the global crude oil market continues to be oversupplied which has led to lower oil prices. This is good news for motorists filling up at the pump.”

New Jersey has the lowest average gas price of the region. Gas prices fell four cents in all surrounding states. The average gas price is Pennsylvania is $2.46 ($2.50), $2.57 in New York ($2.61) and $2.58 in Connecticut ($2.62).


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 *Current prices reflect January 7, 2019

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The AAA Gas Prices website is your resource for up-to-date fuel price information. Search average gas prices by Regular, Plus, Premium and Diesel on National and State levels, as well as Metro areas.