Author Topic: What's the deal with NJ Gas Prices?  (Read 4608 times)

Offline good sam

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What's the deal with NJ Gas Prices?
« on: December 11, 2018, 11:06:06 AM »
Ever since NJ raised the gas tax, gas prices across the state, even stations in close proximity, are wildy disparate. On a 20 minute drive from Mahwah to Teaneck, I saw up to 60¢ disparity in prices, from $2.35 all the way up to $2.95. There was a Getty and Exxon across the road from one another with a 15¢ price difference.

So what gives? Are they still trying to figure out pricing under the new laws?
If you don't care why would you comment?
HT: DMYD

Offline avromie7

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Re: What's the deal with NJ Gas Prices?
« Reply #1 on: December 11, 2018, 11:33:18 AM »
Why are you assuming this has anything to do with the gas tax? there are always price disparities. Why does one grocery sell eggs for .99 and another for 2.49.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline yesitsme

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Re: What's the deal with NJ Gas Prices?
« Reply #2 on: December 11, 2018, 01:36:48 PM »
Ever since NJ raised the gas tax, gas prices across the state, even stations in close proximity, are wildy disparate. On a 20 minute drive from Mahwah to Teaneck, I saw up to 60¢ disparity in prices, from $2.35 all the way up to $2.95. There was a Getty and Exxon across the road from one another with a 15¢ price difference.

So what gives? Are they still trying to figure out pricing under the new laws?
Or costco 2.26
["-"]

Offline good sam

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Re: What's the deal with NJ Gas Prices?
« Reply #3 on: December 11, 2018, 02:00:49 PM »
Why are you assuming this has anything to do with the gas tax? there are always price disparities. Why does one grocery sell eggs for .99 and another for 2.49.
For the same eggs, the disparity would be very small.
If you don't care why would you comment?
HT: DMYD

Offline ChaimMoskowitz

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Re: What's the deal with NJ Gas Prices?
« Reply #4 on: December 11, 2018, 02:04:48 PM »
Why does one grocery sell eggs for .99 and another for 2.49.
The 2.49 eggs say Kosher?
I just found a new supply of forks!

Offline avromie7

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Re: What's the deal with NJ Gas Prices?
« Reply #5 on: December 11, 2018, 02:12:47 PM »
For the same eggs, the disparity would be very small.
It's not.

The 2.49 eggs say Kosher?
No, they're the same as all the others.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline tzifanya54

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Re: What's the deal with NJ Gas Prices?
« Reply #6 on: December 11, 2018, 02:16:54 PM »
Ever since NJ raised the gas tax, gas prices across the state, even stations in close proximity, are wildy disparate. On a 20 minute drive from Mahwah to Teaneck, I saw up to 60¢ disparity in prices, from $2.35 all the way up to $2.95. There was a Getty and Exxon across the road from one another with a 15¢ price difference.

So what gives? Are they still trying to figure out pricing under the new laws?
I think the answer is that the gas prices have been all over the place lately and different chains will change prices with different frequency. Some will change daily, weekly biweekly etc...   

Offline avromie7

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Re: What's the deal with NJ Gas Prices?
« Reply #7 on: December 11, 2018, 02:20:59 PM »
I think the answer is that the gas prices have been all over the place lately and different chains will change prices with different frequency. Some will change daily, weekly biweekly etc...
It's simple supply and demand. If a gas station is in a good location, and/or there is no one nearby who will undercut them they will keep prices high, if there is more competition nearby prices go down.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline shaulyaakov

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Re: What's the deal with NJ Gas Prices?
« Reply #8 on: December 11, 2018, 02:21:44 PM »
I think it's other market factors: name brand vs. generic, whether there's a cash discount or not, highway vs local- towards NYC or away from NYC (towards NYC usually costs more). Also, in a rapid price changing environment, the turnpike is slow to change since their deal is they can only change weekly.

Offline aygart

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Re: What's the deal with NJ Gas Prices?
« Reply #9 on: December 11, 2018, 02:55:01 PM »
Why are you assuming this has anything to do with the gas tax? there are always price disparities. Why does one grocery sell eggs for .99 and another for 2.49.
Because one is mostly selling them to WIC customers?
Feelings don't care about your facts

Offline avromie7

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Re: What's the deal with NJ Gas Prices?
« Reply #10 on: December 11, 2018, 02:58:10 PM »
Because one is mostly selling them to WIC customers?
No, because one is seasons and one is not.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline michael

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Re: What's the deal with NJ Gas Prices?
« Reply #11 on: December 11, 2018, 04:45:00 PM »
Just exited the Holland tunnel. One gas station is $2.33. A block away is $2.98.

Offline tzifanya54

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Re: What's the deal with NJ Gas Prices?
« Reply #12 on: December 11, 2018, 04:57:35 PM »
Just exited the Holland tunnel. One gas station is $2.33. A block away is $2.98.
keep driving and you will find $2.25

Offline Yonah

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Re: What's the deal with NJ Gas Prices?
« Reply #13 on: December 11, 2018, 05:15:36 PM »
I think the answer is that the gas prices have been all over the place lately and different chains will change prices with different frequency. Some will change daily, weekly biweekly etc...   

Adding on to this: The Gas prices on the turnpike/gsp rest stops are governed by the state and only change once per week, and usually are higher than those of gas stations off of the Turnpike/GSP.

I think it's other market factors: name brand vs. generic, whether there's a cash discount or not, highway vs local- towards NYC or away from NYC (towards NYC usually costs more). Also, in a rapid price changing environment, the turnpike is slow to change since their deal is they can only change weekly.

ShaulYaakov is on the money with that, but I want to continue along his train of thought:
- If an owner owns a chain of gas stations, he has better buying power, ergo better pricing
- Gasoline is highly correlated to the price of crude oil (since gasoline is a byproduct of crude oil), it also takes a couple of weeks to go from being crude oil to the gas pump. When a gas station (or a chain of them) gets a tanker of gas, it's price reflects the crude oil price of 2-3 weeks ago. As Oil drops in price, gas will drop too. But the gas station has to pay off the tanker truck it got last week, and that's a factor as well. So if I happened to get a new delivery, and that delivery is 25% cheaper, I can pass some of that savings on to the consumer. The price of Oil has dropped significantly since early october (about 30%) and average NJ gas price has dropped about $0.22 per gallon in the last month.

Here's AAA's gas price survey for NJ: https://gasprices.aaa.com/?state=NJ - can't seem to find a yearly chart

 

Offline ludmila

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Re: What's the deal with NJ Gas Prices?
« Reply #14 on: December 11, 2018, 05:21:08 PM »
Individual gas station owners can't compete with corporate or jobber owned stations .
I was the Best,still the Best, and will always be the Best.
Pele Good,Maradona Better, George Best.

Offline avromie7

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Re: What's the deal with NJ Gas Prices?
« Reply #15 on: December 11, 2018, 05:28:14 PM »
Adding on to this: The Gas prices on the turnpike/gsp rest stops are governed by the state and only change once per week, and usually are higher than those of gas stations off of the Turnpike/GSP.

ShaulYaakov is on the money with that, but I want to continue along his train of thought:
- If an owner owns a chain of gas stations, he has better buying power, ergo better pricing
- Gasoline is highly correlated to the price of crude oil (since gasoline is a byproduct of crude oil), it also takes a couple of weeks to go from being crude oil to the gas pump. When a gas station (or a chain of them) gets a tanker of gas, it's price reflects the crude oil price of 2-3 weeks ago. As Oil drops in price, gas will drop too. But the gas station has to pay off the tanker truck it got last week, and that's a factor as well. So if I happened to get a new delivery, and that delivery is 25% cheaper, I can pass some of that savings on to the consumer. The price of Oil has dropped significantly since early october (about 30%) and average NJ gas price has dropped about $0.22 per gallon in the last month.

Here's AAA's gas price survey for NJ: https://gasprices.aaa.com/?state=NJ - can't seem to find a yearly chart
http://www.newjerseygasprices.com/retail_price_chart.aspx
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Kryptonite

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Re: What's the deal with NJ Gas Prices?
« Reply #16 on: June 10, 2022, 05:12:52 PM »
What's the cheapest gas station in Lakewood?
Don't even try it.

Offline Definitions

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Re: What's the deal with NJ Gas Prices?
« Reply #17 on: June 10, 2022, 06:00:47 PM »
What's the cheapest gas station in Lakewood?
I'm pretty sure Costco and BJ's
My Tapatalk notifications don't always work.

Offline Kryptonite

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Re: What's the deal with NJ Gas Prices?
« Reply #18 on: June 10, 2022, 06:35:26 PM »
Thanks  :)
Don't even try it.

Offline herb

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Re: What's the deal with NJ Gas Prices?
« Reply #19 on: June 10, 2022, 07:08:43 PM »
I'm pretty sure Costco and BJ's
lines are always crazy. Not necessarily worth ur $1.50 of savings