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NJ Gasoline Prices Drop Slightly

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A car is filled with gasoline - File / Photo: THOMAS COEX/AFP/Getty Images

A car is filled with gasoline – File / Photo: THOMAS COEX/AFP/Getty Images

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TRENTON, N.J. (AP) – Motorists are seeing slightly lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.04, down a penny from last week.

But that’s much higher than a year ago, when New Jersey motorists were paying $2.54.

Meanwhile, the national average price rose to $3.13, up a penny from last week. That’s also much higher than the national average from a year ago, which was $2.64.

Gas prices have been on the upswing in recent weeks, mostly due to rising crude oil prices and the unrest in Egypt. But crude oil prices tumbled Friday after Egypt’s President Hosni Mubarak handed over power to the military and left Cairo.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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