Gas prices in N.J. drop below $2 as holiday road travel begins

In Uncategorized on November 20, 2008 at 12:31 pm

State average cost for regular falls under $2 for first time since ’05


TRENTON (AP) — Gasoline prices in New Jersey continue to drop as Garden State residents prepare to hit the roads for the holiday.

AAA-Mid-Atlantic says the average price for regular is $1.97 a gallon.

A year ago it was $2.92.

It’s the first time since Dec. 5, 2005 that the average price was under $2 a gallon. The last time the price was $1.97 was March 29, 2005.

The auto club says average prices were even lower in Burlington, Camden and Gloucester counties at $1.89 a gallon.

Average prices remain higher in Bergen and Passaic counties.

AAA says gasoline prices in 22 states are now under the $2 average.


  1. its a good thing.

  2. It’s the one good piece of news in the current environment. If we were still seeing the high prices today, the economy would be much worse.

  3. 9:51AM:

    Based on the fact that you took the time to post your comment, I presume you are aware that there is an irreducible but surprisingly large minority of voting-age citizens in this country, and probably in this village, that take a view of this situation that is precisely the opposite of yours.

    I would never have thought it possible that rational adults could devolve into fits of wailing and teeth-gnashing on the occasion of a steep drop in gasoline prices, but nobody should be under any misapprehension as to whether what I say is true.

    I’ll leave it to others to identify notable examples of this group (e.g., among our national political leadership) and to relate their typical justification for taking such a contrary view. Suffice it to say, it’s not a terribly easy position to adopt as one’s own without undergoing a long and steady process of rationalization, victimization, and blame-shifting obfuscation.

  4. You like Low Gas Prices?



  5. See, just like with Roosevelt, we elect Obamo and “happy days are here again…”

  6. irreducible but surprisingly large minority of voting-age citizens in this country

    Who are what are you talking about???

    What is an “irreducible…minority”?

  7. 6:16 –
    Re: “See, just like with Roosevelt, we elect Obama and “happy days are here again…”

    Nov 4, 2008:
    Dow Closes at 9625.
    Votes are counted and Obama is elected.

    Nov 20, 2008:
    1 week after Obama is elected.
    He has started to name his cabinet and lay out his policy.
    Dow closes at 7552.

    Dow drops over 2000 points since Obama is elected to levels not seen since 2003.

    “happy days are here again…” ?????

    This ain’t no party; This ain’t no disco; This ain’t no foolin’ around

  8. Who is Obamo?

  9. Dow drops over 2000 points since Obama is elected to levels not seen since 2003.

    It’s part of the going-away gift from the Bush-Cheney misadministration.

    Thanks for the recession, GOP! We’ll remember this for a long, long time.

  10. 1:32 –

    The profoundness of your ignorance is stunning.

    Markets are all about the future.

    If Obama’s policies were not so scary, the market would be rocketing back upward.

    Just look at how much it moves up on any tiny rumor of good news.

    But where is Obama?
    Hiding out as usual… alas, “voting present”, again.

    For example, what are his views on the auto bailout (that is sending the market gyrating back and forth on each tidbit of information)?

    Nothing… no news. He is too busy signing up all of the Clinton team to be in his cabinet. CHANGE!

  11. im taking wagers on when the bearded wonder Corzine proposes a huge increase in the state gasoline tax (before he hits the road for DC as an Obamo apointee) and ‘anoints’ the new gov to take his place

  12. where are all the “peak oil” believers ? LOL

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