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.
Wait for it…
The political vultures are probably already working on a gas tax hike to fund more socialism…