NJ Gas Prices Back Up
Motorists are seeing lower prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.59, down 6 cents from last week. But that's still much higher than the price from a year ago, when motorists were paying $3.29.
“Gas prices have dropped to year-ago levels (or below) in many markets, despite scattered gas outages New Jersey and New York in the aftermath of Sandy,” said Tracy Noble, spokesperson for AAA Mid-Atlantic. “AAA believes the national average gas price could drop below $3.40 per gallon in time for the Thanksgiving holiday, which would be welcome news for motorists ready to embark on the busiest travel holiday of the year.”
Meanwhile, the national average price fell by 3 cents to $3.43. That's still higher than the national average from a year ago, which was $3.40.
Analysts say gas prices should continue to fall in New Jersey in the coming weeks as demand decreases.
(Copyright 2012 by The Associated Press. All Rights Reserved.)