Analysts Say Gas Prices Likely To Swing Throughout Summer Due To Coronavirus

TRENTON, N.J. (CBSNewYork/AP)Gas prices dipped a bit in New Jersey but remained steady across the nation. Analysts, however, expect more fluctuation for the rest of the summer.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.18, a penny less than the week before. Drivers were paying $2.79 a gallon at this time last year.

The national average price for a gallon of regular gasoline was also $2.18, unchanged from the previous week. The national average was $2.72 at this time a year ago.

Analysts say gas prices are likely to fluctuate through the rest of the summer due to COVID-19 concerns, and they’ve been trending less expensive as demand continues to drop.

(© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

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