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AAA: New Jersey Gas Prices Dip

Motorists are seeing slightly lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.61, down 2 cents from last week. That’s also the same price motorists were paying a year ago.

Lowest Gas Prices in New Jersey
New Jersey Gas Prices provided by GasBuddy.com

Meanwhile, the national average price fell by a penny to $3.77. That’s also higher than the national average from a year ago, when motorists were paying $3.74.

Analysts say there is a lot of uncertainty over where gas prices will go over the next few weeks. Crude oil prices have declined slightly in recent days, but some refineries will be temporarily shut down or remained closed for seasonal maintenance work.

The budget sequestration could start to play a role in the price of gas as consumer spending, crude oil prices, gasoline prices impact gasoline demand.

The Associated Press contributed to this story.

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