UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549-1004

                                    FORM 10-Q

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2008
                                                 --------------

                          Commission File Number 1-1031
                                                 ------

                               RONSON CORPORATION
     ----------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

               New Jersey                                  22-0743290
     ----------------------------------------------------------------------
     (State or other jurisdiction of                   (I.R.S. Employer
     incorporation or organization)                   Identification No.)

       Corporate Park III-Campus Drive, P.O. Box 6707, Somerset, NJ 08875
     ----------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (732) 469-8300
     ----------------------------------------------------------------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act (Check one):

Large accelerated filer [ ]             Accelerated filer [ ]

Non-accelerated filer   [X]             Smaller reporting company [ ]

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

As of March 31, 2008, there were 5,083,539 shares of the registrant's common
stock outstanding.

<PAGE>

                               RONSON CORPORATION

                                 FORM 10-Q INDEX
                                 ---------------

                                                                            PAGE
                                                                            ----

PART I - FINANCIAL INFORMATION:

   ITEM 1 - FINANCIAL STATEMENTS:

            CONSOLIDATED BALANCE SHEETS:
               MARCH 31, 2008 AND DECEMBER 31, 2007                           3

            CONSOLIDATED STATEMENTS OF OPERATIONS:
               QUARTER ENDED MARCH 31, 2008 AND 2007                          4

            CONSOLIDATED STATEMENTS OF CASH FLOWS:
               QUARTER ENDED MARCH 31, 2008 AND 2007                          5

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                        6

   ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS                    11

   ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES
            ABOUT MARKET RISK                                                14

   ITEM 4T - CONTROLS AND PROCEDURES                                         14

PART II - OTHER INFORMATION:

   ITEM 1A - RISK FACTORS                                                    15

   ITEM 6 - EXHIBITS                                                         15

SIGNATURES                                                                   16

                                        2

<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEETS
                          ---------------------------
                           (in thousands of dollars)

                                                      March 31,    December 31,
                                                        2008           2007
                                                     -----------   ------------
                                                     (unaudited)
                       ASSETS
CURRENT ASSETS:
   Cash and cash equivalents                         $        34   $         78
   Accounts receivable, net                                1,400          1,743
   Inventories:
      Finished goods                                       2,096          2,106
      Work in process                                         61             45
      Raw materials                                          762            925
                                                     -----------   ------------
                                                           2,919          3,076
   Other current assets                                    1,283          1,291
                                                     -----------   ------------
         TOTAL CURRENT ASSETS                              5,636          6,188
                                                     -----------   ------------

Property, plant and equipment, at cost:
   Land                                                        6              6
   Buildings and improvements                              8,811          8,812
   Machinery and equipment                                 6,897          6,875
   Construction in progress                                  126            125
                                                     -----------   ------------
                                                          15,840         15,818
Less accumulated depreciation and amortization             9,645          9,500
                                                     -----------   ------------
                                                           6,195          6,318

Other assets                                               3,098          2,895
                                                     -----------   ------------
                                                     $    14,929   $     15,401
                                                     ===========   ============
        LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
   Short-term debt                                   $     2,807   $      3,126
   Current portion of long-term debt and leases              653            665
   Accounts payable                                        3,208          3,086
   Accrued expenses                                        1,869          1,747
                                                     -----------   ------------
         TOTAL CURRENT LIABILITIES                         8,537          8,624
                                                     -----------   ------------

Long-term debt and leases                                  3,403          3,554
Other long-term liabilities                                  235            236

STOCKHOLDERS' EQUITY:
   Common stock                                            5,173          5,173
   Additional paid-in capital                             29,997         29,997
   Accumulated deficit                                   (29,502)       (29,241)
   Accumulated other comprehensive loss                   (1,317)        (1,345)
                                                     -----------   ------------
                                                           4,351          4,584
   Less cost of treasury shares                            1,597          1,597
                                                     -----------   ------------
         TOTAL STOCKHOLDERS' EQUITY                        2,754          2,987
                                                     -----------   ------------
                                                     $    14,929   $     15,401
                                                     ===========   ============

See notes to consolidated financial statements.

                                        3

<PAGE>

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      -------------------------------------
                (in thousands of dollars, except per share data)
                                   (Unaudited)

                                                         Three Months Ended
                                                             March 31,
                                                     --------------------------
                                                        2008           2007
                                                     -----------   ------------

NET SALES                                            $     6,596   $      6,097
                                                     -----------   ------------
Cost and expenses:
   Cost of sales                                           4,672          4,048
   Selling, shipping and advertising                         920            925
   General and administrative                              1,015            926
   Depreciation and amortization                             159            146
   Other earnings                                             --            (35)
                                                     -----------   ------------
                                                           6,766          6,010
                                                     -----------   ------------

EARNINGS (LOSS) FROM OPERATIONS                             (170)            87
                                                     -----------   ------------

Other expense:
   Interest expense                                          141            131
   Other-net                                                 112             90
                                                     -----------   ------------
                                                             253            221
                                                     -----------   ------------

LOSS BEFORE INCOME TAXES                                    (423)          (134)

Income tax benefits                                         (162)           (42)
                                                     -----------   ------------

NET LOSS                                             $      (261)  $        (92)
                                                     ===========   ============

LOSS PER COMMON SHARE:

   Basic                                             $     (0.05)  $      (0.02)
                                                     ===========   ============

   Diluted                                           $     (0.05)  $      (0.02)
                                                     ===========   ============

See notes to consolidated financial statements.

                                        4

<PAGE>

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------
                            (in thousands of dollars)
                                   (Unaudited)

                                                             Three Months Ended
                                                                  March 31,
                                                             ------------------
                                                               2008       2007
                                                             --------   -------
Cash Flows from Operating Activities:
Net loss                                                     $   (261)  $   (92)
Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:
   Depreciation and amortization                                  206       188
   Stock option expense                                            --         6
   Deferred income tax benefits                                  (189)      (63)
   Increase (decrease) in cash from changes in:
     Current assets and current liabilities                       752        (6)
     Other non-current assets and other long-term
       liabilities                                                (42)      (28)
   Net change in pension-related accounts                          20       (71)
   Exchange (gain) loss                                            --        --
                                                             --------   -------
         Net cash provided by (used in) operating
           activities                                             486       (66)
                                                             --------   -------

Cash Flows from Investing Activities:
   Capital expenditures                                           (35)     (356)
                                                             --------   -------
         Net cash used in investing activities                    (35)     (356)
                                                             --------   -------

Cash Flows from Financing Activities:
   Proceeds from short-term debt                                   83       514
   Payments of short-term debt                                   (402)     (192)
   Payments of long-term debt                                     (98)      (72)
   Payments of long-term lease obligations                        (65)      (68)
   Cost of stock option agreement                                  --       (12)
                                                             --------   -------
         Net cash provided by (used in) financing
           activities                                            (482)      170
                                                             --------   -------
Effect of exchange rate changes on cash and
   cash equivalents                                               (13)        4
                                                             --------   -------
Net decrease in cash and cash equivalents                         (44)     (248)

Cash and cash equivalents at beginning of period                   78       294
                                                             --------   -------

Cash and cash equivalents at end of period                   $     34   $    46
                                                             ========   =======

See notes to consolidated financial statements.

                                        5

<PAGE>

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                FOR THE QUARTER ENDED MARCH 31, 2008 (UNAUDITED)
                ------------------------------------------------

Note 1:  ACCOUNTING POLICIES
         -------------------

      Basis of Financial Statement Presentation - The information as of and for
the three months ended March 31, 2008 and 2007, is unaudited. In the opinion of
management, all adjustments (consisting only of normal recurring adjustments)
necessary for a fair presentation of the results of such interim periods have
been included.

      This quarterly report should be read in conjunction with the Company's
Annual Report on Form 10-K.

      New Authoritative Accounting Pronouncements - The Company does not
anticipate the adoption of recently issued accounting pronouncements to have a
significant impact on the Company's results of operations, financial position or
cash flows.

Note 2:  PER COMMON SHARE DATA
         ---------------------

      The calculation and reconciliation of Basic and Diluted Loss per Common
Share were as follows (in thousands except per share data):

<TABLE>
<CAPTION>
                                              Quarter Ended March 31,
                                 -------------------------------------------------
                                           2008                      2007
                                 -----------------------   -----------------------
                                                   Per                       Per
                                                  Share            Shares   Share
                                  Loss   Shares   Amount    Loss     (2)    Amount
                                 -----   ------   ------   -----   ------   ------
<S>                              <C>      <C>     <C>      <C>     <C>      <C>
BASIC                            $(261)   5,084   $ (.05)  $ (92)   5,055   $ (.02)
                                 =====   ======   ======   =====   ======   ======
Effect of dilutive securities,
   Stock options (1)                         --                        --
                                         ------                    ------

DILUTED                          $(261)   5,084   $ (.05)  $ (92)   5,055   $ (.02)
                                 =====   ======   ======   =====   ======   ======
</TABLE>

      (1)   Stock options were anti-dilutive for the three months ended March
            31, 2008 and 2007, and, therefore, were excluded from the
            computation and reconciliation of Diluted Loss per Common Share for
            those periods. The number of potentially anti-dilutive securities
            was 11,000 in the three months ended March 31, 2008.

      (2)   Information as to the number of shares and per share amounts has
            been retroactively adjusted to reflect the 5% stock dividend on
            common stock declared February 1, 2008.

Note 3:  SHORT-TERM DEBT
         ---------------

      On July 31, 2006, the Company, Ronson Consumer Products Corporation
("RCPC"), Ronson Corporation of Canada Ltd. ("Ronson-Canada"), and Ronson
Aviation, Inc. ("Ronson Aviation"), entered into a financing agreement (the
"Financing Agreement") with CIT Group/Commercial Services, Inc. ("CIT"). The
financing facility totals $3,945,000 and is composed of a revolving line of
credit of $3,000,000 and two term loans in the original amounts of $195,000 and
$750,000,

                                        6

<PAGE>

respectively, both to be repaid evenly over five years. The revolving line of
credit carries an interest rate of prime plus one half (5.75% in the U.S. and
Canada at March 31, 2008) and the two term loans carry interest at the rate of
prime plus 3% (currently 8.25%). The amount available to be borrowed under the
revolving line of credit is determined by reference to a "borrowing base", which
is calculated based on the levels of accounts receivable and inventories of the
Company's subsidiaries.

      At March 31, 2008, CIT provided the Company with a waiver of a covenant
violation due to failure by the Company to meet a fixed charge coverage ratio
for the twelve months ended March 31, 2008.

      On October 22, 2007, Ronson Aviation entered into a loan agreement with
Bank of the West in the amount of $500,000. The loan is to be paid in one
principal payment on June 1, 2008. The loan carries interest at the bank's prime
rate plus 0.75% (6.0% at March 31, 2008). The loan is guaranteed by the Company
and EPIC Aviation, LLC ("EPIC") (refer to Note 4 below).

Note 4:  LONG-TERM DEBT
         --------------

      On September 27, 2006, RCPC entered into a mortgage loan agreement with
Capital One, N.A. ("Capital One"), formerly known as North Fork Bank for
$2,200,000. The mortgage loan had a balance of $2,151,000 at March 31, 2008 and
is secured by a first mortgage on the property of RCPC at 3 and 6 Ronson Road,
Woodbridge, NJ and the guarantees of the Company and Ronson Aviation. The
interest rate had been 6.81% and was payable in monthly installments of $15,422,
including interest, with a final installment of approximately $1,697,000, plus
interest, on November 1, 2016.

      In connection with a waiver of a covenant violation at December 31, 2007
provided to the Company by Capital One, effective April 1, 2008, the interest
rate on the mortgage loan has been increased to 8.00%, monthly installments have
been increased to $17,081, the final installment on November 1, 2016 increased
to $1,746,000, and the debt service coverage ratio was modified.

      The Equipment and Trademark term loan balances with CIT, referred to in
Note 3 above, were $133,000 and $509,000, respectively, at March 31, 2008.

      As part of the lease agreement for its warehouse, effective March 1, 2004,
RCPC entered into a term note payable to the lessor in the original amount of
$440,000. The note bears interest at the rate of 8.25% and is payable in monthly
installments of $3,787 including interest through February 2013. The note is
secured by the leasehold improvements in the warehouse. At March 31, 2008, the
total balance payable on this lease agreement was $181,000.

      Effective May 31, 2007, Ronson Aviation entered into a subordinated loan
agreement dated May 30, 2007, with EPIC, Ronson Aviation's aircraft fuel
supplier, for up to $500,000 in order to complete the construction of a new
19,200 sq. ft. aircraft storage hangar. The loan is secured by the aircraft
hangar which also secures the guaranty of the short-term debt with Bank of the
West referred to in Note 3 above, and is guaranteed by the Company. The loan
bears interest at the rate of 6.0% per annum, is payable through application of
a $.0725 per gallon surcharge on all fuel purchased by Ronson Aviation from EPIC
with a final payment due no later than June 5, 2013, and is subordinated to the
Company's facilities with CIT. The loan had a balance of $414,000 at March 31,
2008.

                                        7

<PAGE>

Note 5:  CONTINGENCIES
         -------------

      In December 1989 the Company adopted a plan to discontinue the operations
of its wholly owned subsidiary, Ronson Metals Corporation, subsequently renamed
Prometcor, Inc. ("Prometcor"). Upon the cessation of operations, Prometcor began
its compliance with the environmental requirements of all applicable laws with
the objective of selling the property previously used in the discontinued
operations. The full extent of the costs and the time required for the
completion is not determinable until the remediation, if any is required, and
confirmatory testing related to the remaining groundwater matter have been
completed and accepted by the New Jersey Department of Environmental Protection
("NJDEP").

      The liability for these estimated costs and expenses as recorded in the
financial statements at March 31, 2008, and December 31, 2007, was approximately
$500,000 based on the lower limit of the range of costs as projected by the
Company and its consultants. The estimated upper limit of the range of costs was
discounted at approximately $600,000 above the lower limit.

      The long-term portion of the environmental liability related to Prometcor
was discounted at the rate of 6% per annum. The aggregate undiscounted amount
was approximately $273,000 as compared to the discounted amount of $181,000. The
current portion, which would be expended in the year a plan is approved by the
NJDEP, is $317,000. The undiscounted amount of the long-term portion is expected
to be expended at the rate of about $24,000 in the first year following the
approval by the NJDEP of a plan; about $11,000/year for an additional eighteen
years; and about $10,000/year for an additional ten years.

      In 1999 Ronson Aviation completed the installation of a new fueling
facility and ceased use of most of its former underground storage tanks. The
primary underground fuel storage tanks formerly used by Ronson Aviation were
removed in 1999 as required by the NJDEP. Related contaminated soil was removed
and remediated. In 2000 initial groundwater tests were completed. Ronson
Aviation's environmental consultants have advised the Company that preliminary
results of that testing indicate that no further actions should be required. The
extent of groundwater contamination cannot be determined until final testing has
been completed and accepted by the NJDEP. The Company intends to vigorously
pursue its rights under the leasehold and under the statutory and regulatory
requirements. Since the amount of additional costs, if any, and their ultimate
allocation cannot be fully determined at this time, an estimate of additional
loss, or range of loss, if any, that is reasonably possible, cannot be made.
Thus, the effect on the Company's financial position or results of future
operations cannot yet be determined, but management believes that the effect
will not be material.

      The Company is involved in various other lawsuits and claims. While the
amounts claimed may be substantial, the ultimate liability cannot now be
determined because of the considerable uncertainties that exist. Therefore, it
is possible that results of operations or liquidity in a particular period could
be materially affected by certain contingencies. However, based on facts
currently available including the insurance coverage that the Company has in
place, management believes that the outcome of these lawsuits and claims will
not have a material adverse effect on the Company's financial position.

                                        8

<PAGE>

Note 6:  INDUSTRY SEGMENTS INFORMATION
         -----------------------------

      The Company has two reportable segments: consumer products and aviation
services. The Company's reportable segments are strategic business units that
offer different products and services.

Financial information by industry segment is summarized below (in thousands):

                                                 Quarter Ended
                                                   March 31,
                                              -------------------
                                                2008       2007
                                              --------   --------
Net sales:
   Consumer Products                          $  3,345   $  3,558
   Aviation Services                             3,251      2,539
                                              --------   --------
      Consolidated                            $  6,596   $  6,097
                                              ========   ========

Earnings (loss) from operations:
   Consumer Products                          $   (105)  $    137
   Aviation Services                               381        390
                                              --------   --------
   Total reportable segments                       276        527
   Corporate and others                           (446)      (475)
   Other earnings                                   --         35
                                              --------   --------
      Consolidated                            $   (170)  $     87
                                              ========   ========

Earnings (loss) before
   intercompany charges and income taxes:
   Consumer Products                          $   (237)  $     (5)
   Aviation Services                               341        382
                                              --------   --------
   Total reportable segments                       104        377
   Corporate and others                           (527)      (546)
   Other earnings                                   --         35
                                              --------   --------
      Consolidated                            $   (423)  $   (134)
                                              ========   ========

Note 7:  COMPREHENSIVE INCOME
         --------------------

      Comprehensive (income) loss is the change in equity during a period from
transactions and other events from non-owner sources. The Company is required to
classify items of other comprehensive (income) loss in financial statements and
to display the accumulated balance of other comprehensive (income) loss
separately in the equity section of the Consolidated Balance Sheets.

      Changes in the components of Other Comprehensive (Income) Loss and in
Accumulated Other Comprehensive Loss were as follows (in thousands):

                                        9

<PAGE>

                      Quarter Ended March 31, 2008 and 2007
                      -------------------------------------

<TABLE>
<CAPTION>
                                          Foreign                           Accumulated
                                         Currency        Net      Prior        Other
                                        Translation    Pension   Service   Comprehensive
                                        Adjustments     Loss      Cost         Loss
                                        -----------   --------   -------   -------------
<S>                                     <C>           <C>        <C>       <C>
Balance at December 31, 2007            $       (41)  $  1,354   $    32   $       1,345
Current period loss                              13         --        --              13
Recognized as components of
   net periodic benefit cost                     --        (60)       (1)            (61)
Income tax expense (benefits)                    (4)        25        (1)             20
                                        -----------   --------   -------   -------------
Balance at March 31, 2008               $       (32)  $  1,319   $    30   $       1,317
                                        ===========   ========   =======   =============

Balance at December 31, 2006            $       (13)  $  1,263   $    39   $       1,289
Current period (gain)                            (4)        --        --              (4)
Recognized as components of
   net periodic benefit cost                     --        (53)       (1)            (54)
Income tax expense                                2         22         1              25
                                        -----------   --------   -------   -------------
Balance at March 31, 2007               $       (15)  $  1,232   $    39   $       1,256
                                        ===========   ========   =======   =============
</TABLE>

Note 8:  STATEMENTS OF CASH FLOWS
         ------------------------

      Certificates of deposit that have a maturity of less than 90 days are
considered cash equivalents for purposes of the accompanying Consolidated
Statements of Cash Flows.

      Supplemental disclosures of cash flow information are as follows (in
thousands):

                                                                  Quarter Ended
                                                                    March 31,
                                                                  --------------
                                                                   2008    2007
                                                                  -----   ------
Cash Payments for:
      Interest                                                    $ 146   $ 154
      Income Taxes                                                   --      --

Financing & Investing Activities
   Not Affecting Cash: None

Note 9:  RETIREMENT PLANS
         ----------------

      The Company's Consolidating Statements of Operations included pension
expense consisting of the following components (in thousands):

                                                                  Quarter Ended
                                                                    March 31,
                                                                  --------------
                                                                   2008    2007
                                                                  -----   -----
Service cost                                                      $   5   $   6
Interest cost                                                        67      64
Expected return on plan assets                                      (64)    (68)
Recognized actuarial losses                                          60      53
Recognized prior service cost                                         1       1
                                                                  -----   -----
Net pension expense                                               $  69   $  56
                                                                  =====   =====

                                       10

<PAGE>

      Contributions to the pension plan during 2008 are expected to be as
follows (in thousands):

Paid in the three months ended March 31, 2008                            $   48
Expected to be paid in the balance of 2008                                   81
                                                                         ------
Total expected to be paid in the year ending December 31, 2008           $  129
                                                                         ======

      The Company's contributions to the pension plan in the three months ended
March 31, 2007, were $127,000.

ITEM 2 -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          ---------------------------------------------------------------
          RESULTS OF OPERATIONS
          ---------------------

RESULTS OF OPERATIONS
---------------------

      First Quarter 2008 compared to First Quarter 2007.

      The Company's Net Sales increased to $6,596,000 in the first quarter of
2008 as compared to $6,097,000 in the first quarter of 2007, an increase of 8%.
The Company's Net Loss of $261,000 in the first quarter of 2008 compares to
2007's Net Loss of $92,000.

Ronson Consumer Products
------------------------
(in thousands)

                                                                Quarter Ended
                                                                  March 31,
                                                              -----------------
                                                                2008     2007
                                                              -------   -------

Net sales                                                     $ 3,345   $ 3,558
Earnings (loss) from operations                                  (105)      137
Earnings (loss) before income taxes
   and intercompany charges                                      (237)       (5)

      Net Sales of consumer products at Ronson Consumer Products Corporation
("RCPC"), Woodbridge, New Jersey, and Ronson Corporation of Canada Ltd.
("Ronson-Canada"), Mississauga, Ontario, (together "Ronson Consumer Products")
decreased by 6% in the first quarter of 2008 as compared to the first quarter of
2007, primarily due to reduced sales of the Company's flame accessory products.
This decrease of 6% consisted of a decrease of about 10% due to lower volume of
products sold, partially offset by an increase of about 4% due to increased
average net selling prices.

      Cost of Sales as a percentage of Net Sales, at Ronson Consumer Products
increased to 64% in the first quarter of 2008 from 62% in the first quarter of
2007 due primarily to lower volume of products sold and higher oil prices. The
amount of the Cost of Sales decreased by about 2%. The lower sales volume
reduced the cost of sales amount by 8%, partially offset by an increase of 6% in
the amount of cost of sales due to increased material costs related to the
higher prices of oil.

      Selling, Shipping and Advertising Expense at Ronson Consumer Products, as
a percentage of Net Sales, increased to 27% in the first quarter of 2008 from
26% in the first quarter of 2007 primarily due to the lower sales in the first
quarter of 2008. General and Administrative Expenses, as a percentage of Net
Sales, increased

                                       11

<PAGE>

to 9% in the first quarter of 2008 as compared to 6% in the first quarter of
2007, primarily due to lower sales in 2008 as well as a reduction of $38,000 in
bad debt expenses in 2007 attributable to the collection of previously reserved
delinquent accounts.

Ronson Aviation
---------------
(in thousands)

                                                                Quarter Ended
                                                                   March 31,
                                                              -----------------
                                                                2008      2007
                                                              -------   -------
Net sales                                                     $ 3,251   $ 2,539
Earnings from operations                                          381       390
Earnings before income taxes
   and intercompany charges                                       341       382

      Net Sales at Ronson Aviation, Inc. ("Ronson Aviation"), Trenton, New
Jersey, increased by 28% in the first quarter of 2008 from the first quarter of
2007 primarily due to increased sales of aircraft fuel in the first quarter of
2008. The increase in sales of aircraft fuel was due to both increases in volume
sold and to increased prices due to higher oil prices in 2008.

      Ronson Aviation's Cost of Sales, as a percentage of Net Sales, increased
to 77% in the first quarter of 2008 from 73% in the first quarter of 2007. The
increase in the Cost of Sales percentage in 2008 was primarily due to the
increased cost of aircraft fuel sold due to higher oil prices. The increase in
the dollar amount of cost of sales of aircraft fuel due to higher oil prices was
approximately equal to the amount of higher sales of aircraft fuel due to price
increases.

      Ronson Aviation's Selling, Shipping and Advertising Expenses and General
and Administrative Expenses, as a percentage of Net Sales, decreased to 9% in
the first quarter of 2008 compared to 10% in the first quarter of 2007,
primarily due to the increased sales in 2008.

      Ronson Aviation's Interest Expense increased to $26,000 in the first
quarter of 2008 as compared to no interest expense in the first quarter of 2007
because Ronson Aviation's interest cost in the first quarter of 2007 was
capitalized as part of the cost of the construction of the new hangar.

Other Items
-----------

      The Other Earnings in the first quarter of 2007 of $35,000 were the
insurance proceeds, in excess of the legal fees incurred in the quarter, related
to stockholder litigation (none in 2008 because the litigation was settled in
December 2007).

      The General and Administrative Expenses of Corporate and Others decreased
to $434,000 in the first quarter of 2008 from $463,000 in the first quarter of
2007.

      Other-net increased in the first quarter of 2008 from the first quarter of
2007 primarily due to the increased expenses of the Company's frozen pension
plan.

                                       12

<PAGE>

FINANCIAL CONDITION

      The Company's Stockholders' Equity decreased to $2,754,000 at March 31,
2008 from $2,987,000 at December 31, 2007. The decrease of $233,000 in
Stockholders' Equity was primarily due to the Net Loss in the first quarter of
2008. The Company had a deficiency in working capital of $2,901,000 at March 31,
2008, as compared to $2,436,000 at December 31, 2007. The decline in working
capital was primarily due to the Loss before Income Taxes in the first quarter
of 2008.

      At March 31, 2008, CIT provided the Company with a waiver of a covenant
violation because the Company did not meet a fixed charge coverage ratio for the
twelve months ended March 31, 2008. The waiver included a reduction in the
borrowings available under the CIT line of credit, effective May 14, 2008. If
the Company were not in compliance with the above covenant or did not obtain a
waiver of compliance, an event of default would occur under the CIT Financing
Agreement. The event of default would, in turn, be an event of default under the
Capital One mortgage loan. If the Company did not comply with the above covenant
and not obtain a waiver of compliance, the Company's lenders may accelerate
payment of the term loans and mortgage loan, and CIT may cease making advances
under the revolving loan.

      Based on the amount of the loans outstanding and the levels of accounts
receivable and inventory at March 31, 2008, the Company's subsidiaries had
unused borrowings available at March 31, 2008 of about $455,000 under the CIT
line of credit.

      On November 13, 2007, Ronson Aviation entered into a loan agreement with
Bank of the West for a short-term loan of $500,000 due on May 1, 2008. The due
date of the loan has now been extended to June 1, 2008.

      The Company's Capital Expenditures decreased to $35,000 in the first
quarter of 2008 primarily because Ronson Aviation completed the construction of
the new hangar in the fourth quarter of 2007.

      On February 1, 2008, the Company's Board of Directors declared a 5% stock
dividend on the Company's common stock. The 5% stock dividend was issued on
April 15, 2008, to stockholders of record March 28, 2008. Information as to the
number of shares and per share amounts has been retroactively adjusted to
reflect this stock dividend.

      The Company is in discussion with other lenders regarding additional
future long-term financing.

      The Company has continued to meet its obligations as they have matured and
management believes that the Company will continue to meet its obligations
through internally generated funds from future net earnings and depreciation,
established external financial arrangements, potential additional sources of
financing and existing cash balances.

FORWARD-LOOKING STATEMENTS

      This Management's Discussion and Analysis of Financial Condition and
Results of Operations and other sections of this report contain forward-looking
statements that involve risks and uncertainties, as well as assumptions that, if
they never materialize or prove incorrect, could cause the results of the
Company to differ

                                       13

<PAGE>

materially from those expressed or implied by such forward-looking statements.
All statements other than statements of historical fact are statements that
could be deemed forward-looking statements, including any projections of
earnings, revenue, margins, costs or other financial items; any statements of
the plans, strategies and objectives of management for future operations; any
statement concerning new products, services or developments; any statements
regarding future economic conditions or performance; any statements of belief;
and any statements of assumptions underlying any of the foregoing. The risks,
uncertainties and assumptions referred to above include the success of new
products; competition; prices of key materials, such as petroleum products; the
challenge of managing asset levels, including inventory; the difficulty of
aligning expense levels with revenue changes; assumptions relating to pension
costs; and other risks that are described herein and that are otherwise
described from time to time in the Company's Securities and Exchange Commission
reports. The Company assumes no obligation and does not intend to update these
forward-looking statements.

ITEM 3 -  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
          ----------------------------------------------------------

      There has been no significant change in the Company's exposure to market
risk during the first three months of 2008. For discussion of the Company's
exposure to market risk, refer to Item 7A, Quantitative and Qualitative
Disclosure about Market Risk, contained in the Company's Annual Report on Form
10-K for the year ended December 31, 2007, incorporated herein by reference.

ITEM 4T -  CONTROLS AND PROCEDURES
           -----------------------

      a) Evaluation of Disclosure Controls and Procedures. The Company's Chief
Executive Officer ("CEO") and Chief Financial Officer ("CFO") have evaluated the
effectiveness of the Company's disclosure controls and procedures (as such term
is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of
1934, as amended (the "Exchange Act")) as of the end of the period covered by
this quarterly report. Based on such evaluation, such officers have concluded
that, as of the end of the period covered by this quarterly report, the
Company's disclosure controls and procedures were adequate, are designed to
ensure that material information related to the Company (including its
consolidated subsidiaries) would be made known to the above officers, are
effective and provide reasonable assurance that they will meet their objectives.

      Management's Report on Internal Control over Financial Reporting

      Management is responsible for establishing and maintaining adequate
internal control over financial reporting. A company's internal control over
financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles.

      The Company's management, including the CEO and CFO, does not expect that
our Disclosure Controls will prevent all errors and all fraud. A control system,
no matter how well conceived and operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met. Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation

                                       14

<PAGE>

of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake. The
design of any system of controls also is based in part upon certain assumptions
about the likelihood of future events, and there can be no assurance that any
design will succeed in achieving its stated goals under all potential future
conditions.

      Management, including the CEO and CFO, has conducted an evaluation of the
effectiveness of the Company's internal control over financial reporting as of
March 31, 2008, based on the criteria for effective internal control described
in Internal Control - Integrated Framework issued by the Committee of Sponsoring
Organization of the Treadway Commission. Based on its assessment, management
concluded that the Company's internal control over financial reporting was
effective as of March 31, 2008.

      This quarterly report does not include an attestation report of the
Company's registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
Company's registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission that permit the Company to provide only
management's report in this quarterly report.

      This report shall not be deemed to be filed for purposes of Section 18 of
the Securities Exchange Act of 1934, or otherwise subject the liabilities of
that section, and is not incorporated by reference into any filing of the
Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing.

      b) Changes in Internal Controls. There were no significant changes in the
Company's internal controls or in other factors that could significantly affect
these controls in the first fiscal quarter or subsequent to the date of their
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.

PART II - OTHER INFORMATION

ITEM 1A -  RISK FACTORS
           ------------

      There were no material changes in the three months ended March 31, 2008,
in the risk factors as previously disclosed in the Company's Form 10-K for the
year ended December 31, 2007.

ITEM 6 - EXHIBITS
         --------

a.    Exhibits.

      (31.1(a) and (b)) Rule 13a-14(a)/15d-14(a) Certifications pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.

      (32.1) Section 1350 Certification pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 (furnished but not filed for purposes of the
Securities Exchange Act of 1934).

                                       15

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                              RONSON CORPORATION

Date: May 15, 2008                            /s/ Louis V. Aronson II
                                              ----------------------------------
                                              Louis V. Aronson II, President
                                              & Chief Executive Officer

                                              (Signing as Duly Authorized
                                              Officer of the Registrant)

Date: May 15, 2008                            /s/ Daryl K. Holcomb
                                              ----------------------------------
                                              Daryl K. Holcomb, Vice President,
                                              Chief Financial Officer and
                                              Controller

                                              (Signing as Chief Financial
                                              Officer of the Registrant)

                                       16