How low can gas go?

August 12, 2008 3:58:56 PM PDT
In a reversal of the trend this summer, prices at the gas pump are now plummeting. There hasn't been much to smile about when you pull up to the pumps lately, but motorists are happy about a continuing drop in the cost of gasoline.

"This is big, almost 40 cent difference in the drop in price. It's really a big blessing," Cynthia Jones Taylor of Edgewater Park, New Jersey said.

AAA says the average price of a gallon of regular gas nationwide today is $3.80. In New Jersey that's dropped almost 30 cents over the last month making folks like Tray Marino, who drives a gas-guzzling truck, practically giddy.

"A couple weeks ago it was $110, now it's down to $80. That's real good. I'm happy, I hope it gets lower," Marino said.

"It's good news for motorists in New Jersey. We are 10 cents cheaper than the national average, but still $1.06 more than last year," Tracy Noble of AAA said.

A random check of stations along the Route 130 corridor show big variations.

The Gas Stop in Delran was selling regular for as low as $3.43 a gallon, while s LUKOIL in Cinnaminson was getting $3.65.

Thankfully, gas has come down from the $4 mark, but boy, it's certainly a sign of the times when people are happy to pay over $3.50 a gallon for regular.

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