Gas Prices Plummet To Under $3 A Gallon In Parts Of NJ

NEW JERSEY — Gas prices are dropping steadily across New Jersey and around the region as the holidays approach, giving some motorists a break after months of near record-level prices. Gas prices were one of the first and most significant economic impacts of the Russian invasion of Ukraine and geopolitical instability in Europe, and have combined with other effects of inflation to keep the bank accounts of many Americans on the edge.

The average price of a gallon of gas in New Jersey now sits at $3.58, according to AAA. That's a drop of 14 cents in the past seven days.

Similarly, South Jersey's average is down to $3.52, 15 cents less than a week ago.

Nearby, the greater Philadelphia region has seen a 12 cent drop the past week to $3.79 a gallon.

“For the first time in 670 days, the national average price of gasoline has fallen below its year-ago level, dropping for the fourth straight week to its lowest level since January,” Patrick De Haan, head of petroleum analysis at GasBuddy, wrote Monday.

Much of that decrease has occurred recently, as gas in New Jersey stood at $3.85 a month ago.

DeHaan thinks it's possible the national average could fall under $3 by Christmas, though it may not last. The price cap on Russian oil will soon kick in, and retaliation is possible.

For now, however, at least another week of low prices is expected. In some parts of New Jersey, residents can find even cheaper prices. Here are some of the cheapest places to fill up, according to GasBuddy.

1. Conoco, 195 McBride Avenue, Paterson: $2.45
2. Conoco, 302 Broadway, Elmwood Park: $3.09
3. Delta, 23-07 Broadway, Fair Lawn: $3.13
4. Delta, 475 NJ 4 West, Englewood: $3.13
5. Delta, 26-10 Broadway, Fair Lawn: $3.12
6. Wawa, 358 NJ-10, Randolph: $3.17
7. BP, 256 S. Salem Street, Randolph: $3.19
8. Conoco, 535 Woodbury-Glassboro Road, Sewell: $3.19
9. Gastrol Plus, 4 S. Woodbury Road, Pitman: $3.19
10. Delta, 1150 River Road, New Milford: $3.19

Editor's note: A previous version of this story listed the wrong town for the Conoco on McBride Avenue.