Cost of gas falls to 2013 low
The average cost of a gallon of regular gas nationwide is down to $3.25, the lowest it's been since Dec. 26, 2012, according to AAA.
That's 22 cents cheaper than a year ago, and down 34 cents since Sept. 1.
In South Jersey, more than two dozen stations are charging less than $3 a gallon for regular. $2.94 is being charged by a Pennsauken Exxon at Route 130 and Browning Road, and $2.95 is the prices at three places -- a Pennsauken Exxon at Route 130 and Westfield Avenue, a Maple Shade Lukoil at Kings Highway and South Lenola Road, and a Maple Shade Citgo at Route 38 and Mill Road, according to NewJerseyGasPrices.com. (See list of South Jersey gas prices.)
In Philadelphia and its suburbs, the lows are $3.11 at a BJ’s in Oaks and an Eastcoast in Jeffersonville, and $3.12 at a 7-Eleven in Jeffersonville, according to Philly.com’s Philadelphia Gas Prices report. In the city itself, the cheapest is $3.13 at a Valero at Roosevelt Boulevard and Cottman Avenue.
Prices could fall another 15 cents a gallon by the end of the year, AAA says.
Lower crude oil costs, a seasonal decline in the demand, and a switchover to cheaper winter formulations have all helped drive prices down.
Contact staff writer Peter Mucha at 215-854-4342 or firstname.lastname@example.org.