How gas prices have changed in New Jersey in the last week

Americans may have record-low gas prices to be thankful for this holiday season as at least one analyst predicts average gasoline costs could fall below $3 per gallon by Thanksgiving.

"The question is not so much when do we drop below $3 per gallon, but how much lower can we go?" OPIS global head of energy analysis Tom Kloza told Yahoo Finance.

About 24 states had average gas prices at or below $3 per gallon this week, according to AAA data. Part of that is due to volatile oil prices that have dropped in recent days driven by concerns about the inflationary impact of president-elect Donald Trump's proposed tariff policy, which is expected to raise prices of many goods for already cash-strapped consumers.

Stacker compiled statistics on gas prices in New Jersey. Gas prices are as of November 15.

New Jersey by the numbers
- Gas current price: $2.90
- Week change: -$0.02 (-0.7%)
- Year change: -$0.38 (-11.6%)
- Historical expensive gas price: $5.06 (6/13/22)

- Diesel current price: $3.45
- Week change: -$0.02 (-0.5%)
- Year change: -$0.92 (-21.0%)
- Historical expensive diesel price: $6.34 (5/18/22)

Metros with most expensive gas in New Jersey
#1. Cape May: $2.99
#2. Newark: $2.96
#3. Bergen-Passaic: $2.92
#4. Monmouth-Ocean: $2.91
#5. Middlesex-Somerset-Hunterdon: $2.91
#6. Trenton: $2.89
#7. Parsippany-Troy Hills: $2.88
#8. Atlantic City: $2.87
#9. Vineland: $2.87
#10. Philadelphia (NJ Only): $2.85
#11. Warren County: $2.81

States with the most expensive gas
#1. Hawaii: $4.57
#2. California: $4.47
#3. Washington: $3.99

States with the least expensive gas
#1. Oklahoma: $2.59
#2. Mississippi: $2.66
#3. Missouri: $2.68

This story features writing by Dom DiFurio and is part of a series utilizing data automation across 50 states.