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Gas Prices in New Jersey and Pennsylvania skyrocket over tight oil supplies

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UNDATED (AP) — Gas prices in New Jersey and Pennsylvania hit all-time highs over the weekend amid tight worldwide oil supplies and increased demand as the industry feels the effects of the Russian invasion of Ukraine. AAA Mid-Atlantic reports that Sunday’s average gas price in New Jersey hit $4.09 a gallon, breaking the old record of $3.99 set on July 8, 2008. The price is up 44 cents in the last week, 60 cents in the last month and $1.22 higher than a year ago. The Pennsylvania gas price average reached $4.17 per gallon Sunday, setting a new record high price for the region after breaking a 14-year record high Saturday.

—Copyright  2022  Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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