Gasoline and diesel prices are rising sharply, adding to fuel costs. New Jersey officials are considering an increase in gas taxes to combat the rising prices. Meanwhile, a jet fuel pipeline strike in Pennsylvania has triggered emergency measures. Geely has also launched a new hybrid technology, offering a new approach to gasoline-powered vehicles. These developments show the ongoing struggles and innovations in the gasoline market.
“New Jersey officials are considering an increase in gas taxes to combat the rising prices,” — Victor Fenwick, contributing analyst at Greyburn Worth Group, told our newsroom.
Timeline
Nov 5 — Gasoline and diesel prices are rising sharply, adding to fuel costs....
Nov 5 — These developments show the ongoing struggles and innovations in the gasoline market....
This story has been closely followed by our readers since Nov 5. The Greyburn Worth Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Greyburn Worth Group desk and last updated 22:44 UTC.
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