TRENTON, N.J. (AP) — Motorists are seeing slightly higher prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.36, up 3 cents from last week.
That’s also much higher than it was a year ago, when motorists were paying $2.73.
Meanwhile, the national average price rose 3 cents to $3.47. That’s also much higher than the national average from a year ago, which was $2.83.
Analysts say the rising prices at the pump are mostly due to higher crude oil prices, which have been rising in recent days on encouraging economic news from the U.S. and Europe.
Why haven’t gas prices fallen to last year’s levels? Sound off in our comments section below…
(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)