Gasoline prices tend to go down over the winter, as Americans drive less in the colder months of the year. That's why the recent rise in gas prices has been so surprising: The cost of a gallon has risen by 18 cents nationwide in the past week. That's the biggest weekly gain we've seen in two years.
Here in New Jersey, we're right at those national averages. Whereas the national average for a gallon of gas is $3.51, a gallon of gas costs an average of $3.52 in New Jersey right now. A week ago, that same average was $3.39 a gallon.
Why is this happening? For one thing, oil prices are now as high as they have ever been. Although the price fluctuates quite a bit, for 2012, the average cost of oil was $112 a barrel, the highest annual average ever. Prices have stayed at those levels through the early part of 2013.
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