The Impact of High Gasoline Prices in Central New Jersey
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Serial Number
Levin Center Identifier
Document Date
2006-05-01
Report Length
9 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Report Type
Found Using Methodology
Yes
Committee(s)
Subcommittee(s)
Commission(s)
Idependent Author(s)
Brief Executive Summary
The Special Investigations Division of the House Committee on Oversight and Government Reform examines the impact of the Bush Administration's energy plan on gasoline prices in central New Jersey over five years. They reveal a significant increase in gasoline costs, with prices surging by 70-77% across different regions, outpacing the rate-of-inflation by over seven times. As a result, New Jersey families face a substantial financial burden, collectively paying $5.2 billion more for gasoline in 2006 compared to 2001, with the average two-car family spending $1,800-$2,000 more on gasoline annually.