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.

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

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