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Prices Dropping At The Pump In New Jersey

Gas Prices

Tri-State residents are dealing with increasing gas prices everywhere. (Credit: CBS 2)

TRENTON, N.J. (CBSNewYork/AP) — Motorists in New Jersey have been seeing sharply dropping prices at the pumps in recent the past week.

But prices as of Friday were still much higher than they were a year ago.

AAA Mid-Atlantic said the average price of regular gasoline in New Jersey on Friday was $3.43, down 6 cents from last week. A year ago, motorists were paying $3.18.

Meanwhile, the national average price fell by 3 cents to $3.37 – still higher than the national average from a year ago, which was $3.29.

Analysts said gas prices should continue to fall in New Jersey in the coming weeks as demand decreases and crude oil prices likely remain low.

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