Good News at the Pump, Gas Prices Dropping
Good news for New Jersey drivers, gas prices continue to drop.
AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.53, down 4 cents from last week.
“This is mainly due to a drop in crude oil prices” said Tom Kloza, at the Oil Price Information Service in Wall Township.
He said prices could come down to $3.25 by the time school gets out in a few weeks in June.
“The price of crude per barrel is down to about $90 which is a big drop from the $130 we were seeing just a few weeks ago.”
He cautions that the third quarter in July could push prices higher when hurricane season approaches.
“That’s usually the track for prices in New Jersey around that time, but for right now, in June things are looking pretty good” said Kloza.
This is the eighth straight week prices have fallen in New Jersey.
The average price for a gallon of regular today is $3.45, about 15 cents cheaper than the national average of $3.60.