I stood at a Sunoco in Mercer County back on June 10 and took a photo of the price sign. I said the premium that had drained out of oil prices in May could reinflate in June. Where prices stand right nowAccording to AAA, New Jersey's average price for a gallon of regular hit $4.17 on July 24 and $4.18 on July 25, with the national average sitting at $4.11. AAA reported the national average jumped 15 cents in a single week, landing at $4.09 on July 23, with most states now sitting at $4 a gallon or higher. That is the highest national average since late July 2022.