Sub-$4 Gas In Chatham As Prices Creep Down

CHATHAM, NJ — Gas in Chatham, and throughout the United States, has a long way to go before reaching even a year ago's fuel prices. However, pumps in the township have made some progress.

The average price for a gallon of regular gas in Chatham totaled $3.81 as of Tuesday, with diesel at $4.97, according to AAA.

In New Jersey, the average price of a gallon of gas has dropped 12 cents from last week to $3.81 from $3.93. In New Jersey, the average price is 50 cents lower than a month ago, when it was $4.31, but it is still 60 cents higher than this time last year when it was $3.21.

Dropping gasoline demand and a quiet hurricane season are credited with driving prices lower, AAA said.

“According to weather analysts, it's the first time in 25 years that a named Atlantic storm did not develop in August. That's the good news,” said Robert Sinclair Jr., Senior Manager of Public Affairs for AAA Northeast. "But we still have another month of peak hurricane season, and these storms can affect gas prices by disrupting oil production and refining."

Several pumps in and around Chatham have finally reached the $3 mark. Here are some of the prices as of Wednesday morning, according to GasBuddy:

• Fuel One; 360 Main Street, Chatham: $3.79
• Exxon; 183 Main Street, Chatham: $3.99
• Gas and Diesel; 145 NJ-10 E, East Hanover: $3.54
• Sunoco; 31 Kings Road, Madison: $3.99
• Conoco; 201 E Hanover Avenue: $3.69