8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                  June 3, 2004
                Date of Report (Date of earliest event reported)



                           WILSHIRE ENTERPRISES, INC.
             (Exact name of Registrant as specified in its charter)


           DELAWARE                     1-4673                84-0513668
(State or other jurisdiction of    (Commission File          (IRS Employer
incorporation or organization)          Number)           Identification No.)


921 BERGEN AVENUE, JERSEY CITY, NEW JERSEY                    07306
(Address of principal executive offices)                    (Zip Code)


(Registrant's telephone number, including area code)   (201) 420-2796









ITEM 5.         OTHER EVENTS AND REGULATION FD DISCLOSURE

         On June 3, 2004, the registrant issued the press release set forth in
Exhibit 99.1 annexed hereto.

ITEM 7.         FINANCIAL STATEMENTS AND EXHIBITS

                The following exhibit is filed with this report:

    Exhibit Number                        Description
    --------------                        -----------

    99.1                                  Press release dated June 3, 2004





                                      -2-







                                    SIGNATURE

         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.


Dated:  June 4, 2004                   WILSHIRE ENTERPRISES, INC.
                                       (Registrant)


                                       By:  /s/ Philip G. Kupperman
                                            --------------------------
                                            Philip G. Kupperman
                                            President
                                            and Chief Financial Officer




                                      -3-

EX-99.1

                                                                    EXHIBIT 99.1

FOR IMMEDIATE RELEASE
AMEX: WOC


WILSHIRE ENTERPRISES, INC. ANNOUNCES STOCK PURCHASE PROGRAM

JERSEY CITY, N.J., June 3, 2004 -- Wilshire Enterprises, Inc. ("Wilshire" or the
"Company") (Amex: WOC) announced today that the Board of Directors approved a
resolution authorizing the Company to purchase up to one million (1,000,000)
shares of its common stock on the open market, in privately negotiated
transactions or otherwise. This purchasing activity may occur from time to time,
in one or more transactions.

ABOUT WILSHIRE ENTERPRISES:

Wilshire is an American Stock Exchange listed corporation engaged in the
acquisition, ownership and management of real estate properties in Arizona,
Florida, Georgia, New Jersey and Texas.

FORWARD-LOOKING STATEMENT:

The non-historical statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to several risks and
uncertainties that could cause actual results to differ materially from such
projections. Such risks and uncertainties include uncertainties inherent in any
attempt to purchase or sell one or more real estate properties at an acceptable
price, risks associated with implementing a stock purchase program,
environmental risks relating to the Company's real estate properties,
competition, the substantial capital expenditures required to fund the Company's
real estate operations, market and economic changes in areas where the Company
holds real estate properties, interest rate fluctuations, the possibility that
business or market factors cause the Company to vary from its current plans, the
impact of changing economic conditions, and other risks and uncertainties
disclosed in the Company's 2003 Form 10-K filed with the Securities and Exchange
Commission.

For stockholder inquiries: please contact Dan Pryor at 201-420-2796.


SOURCE: Wilshire Enterprises (WOC)