After privatizing the state's lottery system with the private company Northstar, the state is not seeing the revenues it expected with the deal and now New Jersey Lottery is facing a $136 million shortfall.
The average price for a gallon of regular gas in New Jersey is $2.08. Gas Prices are expected to continue to drop, with OPIS predicting that the price of gas by Thanksgiving will be below $2 a gallon for most places in New Jersey.
Businesses, trades, unions and legislators will meet next week in Atlantic City at a summit hosted by the NJ Chamber of Commerce. They hope to work collaboratively to help solve problems facing the New Jersey business community.
The New Jersey Chamber of Commerce is planning a two day summit in Atlantic City to discuss the problems plaguing New Jersey businesses and what they can do to fix them. Legislators, community members, unions and not-for-profits will be in attendance.
The dean of William Paterson University's College of Business Siamack Shojai says that many factors play a part in determining the price of oil. Depending on supply and demand and what is occurring at the stock market can effect oil prices.
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