Wayne, N.J., January 24, 2022 — New Jersey’s average gas price is up one cent from last week, averaging $3.38 per gallon. Today’s price is two cents lower than a month ago ($3.40), and 83 cents higher than January 24, 2021 ($2.55). New Jersey’s average gas price is five cents higher than the national average.

 

Despite typical low seasonal demand for gasoline, pump prices are clawing their way higher around the country. The national average for a gallon of gas is $3.33, two cents more than a week ago ($3.31), five cents higher than a month ago ($3.28), and 94 cents more than a year ago ($2.39).

 

The culprit is the rising price of oil, which is now bobbing around $85 per barrel, nearly $20 more than in November. Last week, both OPEC and U.S. energy officials said the COVID-19 Omicron variant is no longer expected to slow the continued recovery of petroleum demand in 2022. Despite this, OPEC and its allies are maintaining their planned modest production increases and will not dramatically ramp up output. The result will be a continued tight supply of oil.

“As long as the price of oil remains elevated, consumers will be feeling it at the pump,” said Robert Sinclair Jr., Senior Manager of Public Affairs for AAA Northeast.

 

Gas prices increased by a penny in all neighboring states to today’s averages of $3.49 (CT), $3.49 (NY) and $3.52 (PA).

 

Region	Current Price*	One Week Ago	One Month Ago	One Year Ago
New Jersey	$3.38	$3.37	$3.40	$2.55
Connecticut	$3.49	$3.48	$3.50	$2.46
New York	$3.49	$3.48	$3.50	$2.49
Pennsylvania	$3.52	$3.51	$3.54	$2.70

*Prices as of January 24, 2022

 

The AAA Gas Prices website is your resource for up-to-date fuel price information. Search average gas prices by Regular, Plus, Premium and Diesel on National and State levels, as well as Metro areas.