The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Why New Jersey gasoline prices are expected to continue dropping
BRIAN IANIERI Staff Writer
May 1, 2017
New Jersey gasoline prices dropped more than 3 cents in the past week and are expected to continue falling because of a glut of inventory, an analyst said Monday.
An oversupply of gasoline exists as refiners ramp up production, said Dan McTeague, senior petroleum analyst with GasBuddy, a price-tracking website. The peak driving time in the U.S. is in the summer, when gasoline is generally more expensive than in the winter.
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Wait for it…
The political vultures are probably already working on a gas tax hike to fund more socialism…