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Gas Prices On The Rise In New Jersey

(credit: CBS 2)

(credit: CBS 2)

TRENTON, N.J. (CBSNewYork/AP) — Motorists have been seeing higher prices at the pump in New Jersey lately.

AAA Mid-Atlantic said the average price of regular gasoline in New Jersey on Friday was $3.36, up 3 cents from last week. The figure is also higher than the price from a year ago, when motorists were paying $3.21.

Meanwhile, the national average price rose by 2 cents to $3.30. The figure is just a penny more than the national average from a year ago, when motorists were paying $3.29.

Analysts have said prices at the pump could rise following the recent resolution of the “fiscal cliff.”

But even if that happens, prices would likely soon retreat due to weak demand and increased domestic crude oil production, analysts said.

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