ABC7 Traffic Center

Gas prices jump 6 cents on New Jersey toll roads

Friday, October 05, 2012
Latest on Gas and Fuel Costs

Latest on Gas and Fuel Costs

After several months of gas prices going up, we're seeing an unsettled trend in New Jersey.

One week after gas prices dropped six cents from $3.82 to $3.76 along the New Tersey Turnpike and the Garden State Parkway, they jumped back up six cents Friday morning.

Analysts expected lower prices at the pump, 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 went up after two week of decline. That followed 10 straight week of price hikes after10 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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