5/6/22 PUMP PATROL: New Jersey Average Price For Gallon Of Gas Close To Breaking State Record Gas prices nationwide, and especially in New Jersey, are reaching record highs again, even after efforts by President Joe Biden in early spring to release millions of barrels of crude oil from the strategic reserve. . . "You're the customer. You determine whether you want to pay it or not," said Sal Risalvato, executive director of the New Jersey Gasoline Convenience Store and Automotive Association. He added that gas station owners also determine prices based on how much they pay for deliveries, which also fluctuates every day. "It's a crapshoot ordering your delivery of gas," Risalvato said. "The volatility in prices right now is unprecedented." 5/10/22 NY, NJ Motorists Feel The Pain Amid Gas Price Surge Motorists are facing another day of record high gas prices in the Tri-State area. The soaring prices are stretching people's budgets, compounded by inflation driving up prices on things like food and clothing. Nationwide, the average price of gasoline surged overnight another five cents to $4.37 a gallon. . . "The market has been fluctuating, and the variations in the markets have never been as great as they have been in the last month in half," said Sal Risalvato of the NJ Gasoline Automotive Association. 5/10/22 Pump Prices, Inflation Have Americans Rethinking Summer Travel In the past two weeks, the national average for a gallon of gasoline has risen over 20 cents to $4.37, surpassing the record set on March 11, according to AAA. The increase is primarily due to the high cost of crude oil, which was hovering near $100 a barrel last week. Diesel set a new record of $5.55 a gallon. Oil prices were down 88 cents, or 0.8%, at $105.06 a barrel on Tuesday at 0924 GMT, while U.S. West Texas Intermediate crude fell 75 cents, or 0.7%, to $102.34 a barrel, reports Reuters. Oil prices are falling as the market balances the impending European Union sanctions on Russian oil with demand concerns related to coronavirus lockdowns in China, a strong dollar and growing recession risks. 5/10/22 What Gas Stations Are Doing To Save You Money at the Pump With gas prices being out of control in New Jersey - up more than 20 cents a gallon from last week and 40 cents a gallon from last month - some owners are taking matters into their own hands. Well, actually they're putting matters into your own hands. Sal Risalvato is the executive director of the New Jersey Gasoline, C-Store and Automotive Association and they plan on doing a day of awareness this Friday to show how much money we'll save if we simply pump our own gas. 5/11/22 Gas Prices Set Another Record Gas prices hit another record high at the pumps today. The national average for a regular gallon of gas is $4.404 a gallon, up from $4.374 yesterday, according to AAA. The price is not adjusted for inflation, reports CNBC. Consumers are now paying $1.41 more a gallon than last year. Diesel is also up, with the national average at $5.553 per gallon today, up slightly from $5.55 a gallon yesterday, which is also a record. Prices have hit a new high for at least the past eight days. Meanwhile, West Texas Intermediate crude, the U.S. oil benchmark, was trading around $105.16 per barrel this morning. 5/11/22 Op-Ed: Youth Tobacco Use Needs More Than A Menthol Ban The Food and Drug Administration's recently announced plan to ban menthol-flavored cigarettes is a strong vision to reduce the disproportionately high rates of Black and youth smokers who get hooked on the highly addictive flavor due in large part to decades of manipulative, targeted marketing from the tobacco industry. But it's muddled in previously failed attempts, industry pushback and lawsuits, and opposing legislators who prefer the tax revenue created by these sales. Federal regulation is effective, but it's not always straightforward and often takes years to progress. 5/11/22 N.J. Leader Has 2 Ideas To Help Drivers Facing Record High Gas Prices With gas prices hitting record levels this week, a state lawmaker has proposed rebates for drivers and free transit rides to ease the fiscal pain and provide an option to driving. Drivers could get a $400 to $800 rebate and NJ Transit riders could get a three month break from fares if legislation proposed by Assemblyman Raj Mukherji, D-Hudson, is approved by the legislature and signed by Gov. Phil Murphy. The New Jersey Monitor first reported on the legislation. . . His proposal joins a trio of ideas proposed by state legislators to give drivers relief from spiraling gas prices that include a Republican tax credit plan, temporarily cutting the state gas tax rate and allowing drivers to pump their own gas. |
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