TRENTON, NJ — With Election Day just five days away, New Jersey motorists are seeing a significant drop in gasoline prices, with the statewide average falling nearly 22 cents per gallon over the past month amid Trump administration efforts to ease fuel supply pressures.
According to AAA’s latest figures, regular gasoline now averages $4.15 per gallon in the Garden State, down from $4.37 a month ago — a nearly 5% decline. Prices have also slipped another five cents in the past week alone.
Premium gasoline has declined from $5.21 to $5.08 over the past month, while mid-grade has dropped from $4.92 to $4.77.
The Trump administration has labored to increase fuel supplies and ease pressure on prices.
In August, the Environmental Protection Agency, working with the Department of Energy, issued an emergency waiver allowing additional gasoline supplies to enter the market by relaxing seasonal fuel requirements. The administration said the move could add hundreds of thousands of barrels per day. That waiver expired in September.
The administration has also tapped the Strategic Petroleum Reserve to address supply disruptions associated with the Iran conflict. On September 29th, the Energy Department announced another proposed 40-million-barrel exchange as part of a broader 172-million-barrel release program. Earlier exchanges had already moved crude into the market, although the additional deliveries were scheduled for November and December.
More recently, the administration authorized an emergency exchange of up to four million barrels of crude oil following Gulf Coast weather disruptions, specifically to help maintain refinery operations and fuel supplies.
AAA reported Thursday that the national average had also fallen approximately five cents over the past week.
For New Jersey motorists, the bottom line is straightforward: filling a 15-gallon tank costs approximately $3.24 less than it did a month ago.
With Election Day just five days away, that’s a measurable improvement at the pump.
