TRENTON, N.J. — Gas prices in New Jersey have risen steadily from a summer low of $2.75 per gallon, with the current statewide average for regular unleaded fuel now at $2.97, according to AAA. The increase highlights the growing volatility in energy costs as national debates over fossil fuel policies and energy independence intensify.
The current average represents a modest increase compared to a month ago, when prices averaged $2.92, and a slight drop from a week ago, when the average stood at $2.99. While prices remain below last year’s average of $3.26 for the same period, they have been trending upward after hitting their lowest point earlier this year during the summer months.
The fluctuation comes as energy policy emerges as a defining issue in the lead-up to the 2024 election. President Joe Biden has faced criticism from Republicans for his environmental agenda, which includes restricting new oil and gas drilling permits, canceling major pipeline projects, and redirecting federal subsidies toward renewable energy initiatives. Critics, including former President Donald Trump, have argued that these measures undermine domestic energy production and contribute to rising fuel costs.
Trump has made U.S. energy independence a centerpiece of his campaign, promising to expand domestic oil and gas drilling and roll back Biden-era regulations. “We need to unleash American energy,” Trump said during a recent rally, vowing to make the U.S. the world’s leading energy producer once again.
Analysts point to a mix of global factors driving the rise in gas prices, including OPEC’s recent production cuts and refinery capacity issues. While international market dynamics are largely outside the administration’s control, critics argue that Biden’s push to reduce fossil fuel dependency has compounded domestic energy challenges.