NJ Gasoline Prices Rise Sharply
TRENTON, N.J. (AP) – Motorists were seeing sharply higher prices at the pumps in New Jersey.
AAA Mid-Atlantic said the average price of regular gasoline in the Garden State on Friday was $2.62, up 12 cents from a week ago.
That’s also higher than a year ago, when New Jersey motorists were paying $2.29.
Meanwhile, the national average price rose 9 cents to $2.78. That’s also higher than the national average from a year ago, which was $2.47.
AAA Mid-Atlantic said the rising prices were due to recent surges in the price of crude oil, which has been around $80 a barrel or more for over a week.
Crude’s been rising as the dollar has weakened, and higher oil prices mean refiners pay more for crude to make gasoline and other refined products.
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