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.

READ MORE: E-Bike Rider Injured In Brooklyn Hit-And-Run, Police Searching For SUV Driver

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.

READ MORE: Meat Loaf, Rock Superstar, 'Bat Out of Hell' Singer, Has Died At 74

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.

MORE NEWS: New York Weather: CBS2’s 1/21 Friday Morning Forecast

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