I noticed the gas prices Hackettstown are much higher then around us and furter east.
Even on 46 in great meadows it is much cheaper.
And i am a paramedic just noticed while driving at work.
Yes, we have been writing extensively about this on the Heating and Oil prices 2019-2020 thread.
I am actually surprised that prices at ALL stations are not down to the $2 range yet.
With the price of WTI crude going towards $20 per barrel soon, prices should soon hit under $2 everywhere in NJ in the next week.
Sadly, I think we all know the State of NJ will use the gas tax laws that allow them to raise the tax upon low demand to further tax us. So, when prices go back up, the sticker shock will be worse than ever.
Of course, with most either working from home, or the few that are still required to go in, like a valued Paramedic, that low demand of fuel is going to keep the price low for awhile. I filled my tank at the Great Meadows station that is $1.87 last week and I still have not used much of the gas, many of us are in the same position.
I believe the Costco down in Flemington is down below $2 right now. Usually the other stations follow their lead about a week later, so by the time the other stations are at what Costco is, Costco will be .20 cents lower than them already.
I would like to say enjoy the low prices, but I would gladly take normal, livable $2.50 per gallon and not have the crisis that we are going through.
Never thought I would want high price anything, but when we see that for gas prices, it will be a sign that thing are going back to "normal".
My parents in the u.k pay around 6 dollars a gallon I believe so we should all consider ourselves lucky!
This has been going on awhile longer. I noticed several weeks ago that gas was cheaper near my office in Livingston that it is at home, which is not normally the case.
I am an American. I do consider myself, and the rest of us, very lucky. Quite frankly, I dont care what they pay. We still pay too much. Oil companies research, drill, produce. The government does not do anything but tax. Look at the tax per gallon per the corporate profit per gallon and tell me who is fleecing who.
I'm not ok with paying too much and dont care what other countries, especially socialist ones do.
I love less expensive gas too, but you do realize all those tax dollars are "supposed" to be going to maintain the road surface, including the signage, guardrails, etc. don't you? As long as that money goes to proper roadwork , including pothole repair, etc. I don't mind paying taxes on gas to get equal returns in terms of road safety and maintenance.
Of course when the state diverts road money to other programs or to essentially worthless programs like the "wall" for the Delaware Water Gap curves on Rt. 80, that's another story. They (the state) claims deaths and injuries due to rockfalls on the road, but Knowlton Twp. and its first responders have said they haven't had any of those so-called problems that the state of NJ insists on having a program for. The problem is SPEEDING in that narrow area, not the rocks. They should work to fix that, not waste money and ruin the views possibly destabilize the rock face. Then they will have something for their fancy fence to catch!
New Jersey Gasoline Tax is imposed as 41.1 cents per Gallon. High price gas or Low Price Gas the tax collected is the same.
Wow was I put in my place or what lol
Dr.Pipes, you are correct on your statement. However, as we come out of this terrible time, just when we won't need another kick from Trenton, we will get one, come fall, in the form of an increased fuel tax, which will go up.
Once the expected revenue declines from the lack of fuel consumption, the 41.4 cents per gallon tax will go up. The NJ Dept of Treasury will most certainly raise the tax when they assess the shortfall of fuel tax revenue.
They do that calculation and review of fuel tax collected every August. They cannot raise the tax before then, but we can fully expect that to happen, as we push our way to becoming top is the nation in yet another tax, fuel, within a couple more years.
We are currently 11th in the nation in terms of fuel tax. Expect us to be in the top 3 in a couple of years. .
"Once the expected revenue declines from the lack of fuel consumption, the 41.4 cents per gallon tax will go up. The NJ Dept of Treasury will most certainly raise the tax when they assess the shortfall of fuel tax revenue."
Yup, the NJ government is loving this lock down. Nobody is buying gas so they can raise the tax. People are at home shopping online at Chewy and Amazon, buying tons more than they need so they are collecting tons of sales tax
Really Cal.....that’s your conclusion in all this; a government opportunity to mess with us? You should run as a reform candidate. Huge sigh for humanity.
SD - Read my post again. As usual, you are twisting it. I didn't say they caused it, I said they will love the extra tax revenue. Never let a good crisis go to waste, right?
I honestly don’t think “the NJ government is loving this lock down” for any reason anyone can fathom. Just don’t see how that type of rhetoric serves anything. It’s kinda tough, gonna get tougher, I am thankful for what our NJ government has accomplished given our proximity to the epicenter. We might not be China/SKorea, but don’t think we’ll be Italy/Spain either.
Sorry if I misread what you meant.
I've read it this way.
Crude oil at $30 a barrel results in a fair profit for the producers. A few weeks back the Saudis suddenly dropped their oil prices to $20 a barrel, which was well under the cost of production. It was said the Saudis were trying to damage the economic oil markets in both the US and Russia. It was followed shortly by President Trump declaring a national emergency. The moment he did this, it allowed US Treasury funds to be used to buy as much $20 per barrel oil available. This oil was then transferred to the US oil reserves. Brilliant business move by a government. We are experiencing a glut of oil acquired below cost. Beat them at their own game.
Saudi Arabia produces oil at the lowest cost per bbl of any country in the world. US oil produced by fracking is a very high cost per bbl.
Saudi/ Russian price war is very destructive to many US energy companies.
RDJ Shell station in Great Meadows 1.89 per gallon for gas.Panther Valley Shell 2.49 a gallon for the same gas? Whats wrong with this pricing?
Jeff S - Congress did not include the $3B needed to buy/transport/store the oil in last week's $2T bill. The Energy Dept has since withdrawn its tender offer to start buying oil for the strategic reserve until it has funding.
We have 635m barrels in the strategic oil reserves with room for 77m more; the price of that would be the $3b mentioned.
The question was whether stimulus money should be used to bail out oil producers to purchase the 77m to go on top of the 635m we already have or use that stimulus money elsewhere like say unemployment for example.
If we had propped up profit-rich oil companies, our price of gas would remain the same or rise and $3B would have be diverted into Exxon’s pocketbooks.
Calico, the extra sales tax generated from Chewy and Amazon is not enough to make up for all restaurants, malls, movie theaters, etc. etc. etc being closed. Not by a long shot.
F Oil. We need to get to renewable energy. Look how clean the earth is now? A Solar array covering the entire state of Arizona would power the world. It is possible and should happen slowly before 2050.
While I agree 200% Ijay, and while, even counting the past 4 years, solar has mushroomed since 2008. However, the fact is since 2017 we have basically flatlined or gone down in the number of new installs; commercial, utility, and residential — don’t matter. I once suggested twas the industry for youngsters for a clean lifetime career. Since 2017, employment is down. Given volume effect on pricing, this is literally economically impossible without artificial stimulus.
What does matter is egregious tariffs and a penchant for big oil and old coal. Cause and effect and the cause is obvious.
I would rather be paying 4 dollars a gallon gas then be in this situation. Hands down.
Cheap gas is money in the bank for anyone that drives.
As long as they keep a clamp on their driving habits.
Key is higher effeciency in vehicles.
I had 3 Jeeps- 6 cylinders. Not a lead foot. Could never get over 17mpg.
Moved over to a Honda CRS- upped it to 31 mpg.
Now Toyota RAV4-Hybrid Limited-35-38 MPG.
Same driving habits- using half the fuel.
Producing half the hydrocarbons.
Spending half the $$$ on fuel.
Cutting my carbon footprint in half on transportation.
Leave a Reply
To comment on this topic, fill out the form below. If you would like to comment directly to one person, you may click on the envelope next to the posters name if they provided their email.