Motorists are finally 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 $3.76, down 3 cents from last week. That’s almost the same price it was a year ago, when motorists were paying $3.78.

Meanwhile, the national average price fell by 5 cents to $3.83. That’s also close to the national average from a year ago, which was $3.88.

Lowest Gas Prices In Ocean & Monmouth Counties


Toms River Gas Prices provided by

“After a 66-cent increase in gas prices per gallon since the beginning of the year, the recent decline in prices at the pump (albeit slow, but steady) has motorists and analysts alike wondering if the 2012 gas price peak is behind us,” said Tracy Noble, spokesperson for AAA Mid-Atlantic. “Analysts, who months ago said gas prices would likely bottom out toward the end of April or early May, now say that in light of the recent spring slide in prices at the pump it may be a while before we see a dramatic climb in prices again.”

Some analysts believe that if we do not have any supply issues or refinery outages, we very well may have seen highs for the summer.

Have you noticed gas prices falling? How low do you think they'll go?