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Gas prices down slightly in New Jersey

Friday, September 28, 2012
Latest on Gas and Fuel Costs

Latest on Gas and Fuel Costs

After several months of gas prices going up, we're seeing a new trend starting to settle in with lower prices.

Gas prices dropped six cents from $3.82 to $3.76 a gallon along the New Tersey Turnpike and the Garden State Parkway Friday morning.

Analysts say the lower prices at the pump are mostly due to falling crude oil prices and stations switching over to less expensive winter blends.

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The price of regular unleaded gasoline along New Jersey toll roads dropped for the second straight week after 10 straight week of price hikes. That followed 10 weeks of decline leading up to summer.

The highways offer some of the cheaper gas in the area, and motorists are taking note.

"I live on Staten Island, but I try to fill up in Jersey every chance I get," driver Tony Ablavskiy said.

Gas prices only increase once a week on the two highways, maintained by the New Jersey Turnpike Authority. The Authority surveys 100 gas stations, located off the highway, every Wednesday and Thursday to determine an average statewide price, and implements the increases Friday morning. The service area per-gallon cost cannot be more than 3 cents above that average price.

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