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 $3.78, down 3 cents from last week. But that's still much higher than the price from a year ago, when motorists were paying $3.31.
Meanwhile, the national average price rose by 2 cents to $3.81. That's also much higher than the national average from a year ago, which was $3.41.
“Gas prices in the Northeast have begun to stabilize, and even decline in some areas, following an unusual autumn spike in recent weeks,” said Tracy Noble, spokesperson for AAA Mid-Atlantic. “As we head into the last two months of the year, experts believe prices at the pump will continue to decline, notably due to decreased seasonal demand. That said, analysts will continue to keep a close eye on recent tensions in the Middle East and North Africa, as any violence in the crude-rich region would likely send oil prices, and in turn gasoline prices, higher.”