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AAA Mid-Atlantic: NJ Gas Prices Rise Once 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 $3.62, up a penny from last week. That’s also much higher than it was a year ago, when motorists were paying $3.38.

Meanwhile, the national average price rose 2 cents and is now $3.76. That’s also much higher than the national average from a year ago, which was $3.53.

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New Jersey Gas Prices provided by GasBuddy.com


The price boost marks the fourteenth straight week that gas prices have risen in New Jersey. Analysts say the rising prices are mostly due to tensions in the Middle East, rising crude oil prices and market speculation, along with signs of an improving U.S. economy.

Prices will likely continue  their climb next week as  refineries have begun switching to more expensive summer blended gasoline, which will add about 10 cents to the cost of a gallon of gas.

 

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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