AAA Mid-Atlantic: NJ Gas Prices Up Sharply
TRENTON, N.J. (AP) — Motorists continue to see sharply higher prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.56, up 12 cents from last week. That’s also much higher than a year ago, when New Jersey motorists were paying $2.68.
Meanwhile, the national average price rose by 11 cents to $3.74. That’s also much higher than the national average from a year ago, which was $2.86.
AAA Mid-Atlantic says the rising pump prices in New Jersey are mainly due to the surging crude oil market, which hit a 30-month high this week. Analysts say the surge is mainly due to the ongoing tumultuous situation in Libya, as well as unrest in other Middle East areas and north Africa.
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