NJ Gasoline Prices Take Another Sharp Jump

TRENTON, N.J. (AP) — Motorists are again seeing sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in the Garden State on Friday was $2.94, up 6 cents from a week ago.

That’s also much higher than a year ago, when New Jersey motorists were paying $2.52.

Meanwhile, the national average price rose to $2.98, up 8 cents from last week. That’s also much higher than the national average from a year ago, which was $2.63.

AAA Mid-Atlantic says the rising pump prices are due to rising crude oil prices, a decline in the U.S. dollar and “telltale signs” of economic growth in America and China.

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

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