NJ Gas Prices Continue To Drop

Motorists continue to see lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.53, down 4 cents from last week. It’s also much less than the price from a year ago, when motorists were paying $3.77.

Meanwhile, the national average price fell by 6 cents to $3.61. That’s also much lower than the national average from a year ago, which was $3.76.

This is the eighth straight week prices have fallen in New Jersey.

Analysts say the falling prices are mostly due to declining crude oil prices and easing Mideast tensions.

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