AAA Mid-Atlantic: NJ Gas Prices Rising 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 $3.82, up 8 cents from last week. It also marks the fifth straight week prices have surged upward.

The current price is also much higher than the cost a year ago, when New Jersey motorists were paying $2.75.

Meanwhile, the national average price rose by 5 cents to $3.91. That’s also much higher than the national average from a year ago, which was $2.88.

AAA Mid-Atlantic says the surging pump prices are mostly due to rising crude oil prices, a weaker U.S. dollar and continued political unrest in the Middle East and North Africa.

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

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    Standard deviation is a statistical term that measures the amount of variability or dispersion around an average. Generally speaking dispersion is the difference between the actual value and the average value. Notice that the 10-period is calculated after the 10th period and this average is applied to all 10 periods.

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