AAA Mid-Atlantic: NJ Gas Prices Rise Again
Motorists continue to see higher prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.45, up 3 cents from last week. That's also much higher than it was a year ago, when motorists were paying $3.04.
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|New Jersey Gas Prices provided by GasBuddy.com|
Meanwhile, the national average price rose 3 cents and is now $3.50. That's also much higher than the national average from a year ago, which was $3.12.
The price boost marks the tenth straight week that gas prices have risen in New Jersey. And it comes despite falling crude oil prices and a sharp drop in demand for gasoline.
Analysts say the rising prices are due to production cutbacks at refineries and concerns about tensions in the Middle East.
(Copyright 2012 by The Associated Press. All Rights Reserved.)