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NJ Gas Prices Continue Their Climb

Motorists are still seeing higher prices at the pumps in New Jersey but they may begin to head down again in the coming week.

AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.42, up 3 cents from last week. But that’s still lower than the price from a year ago, when motorists were paying $3.58.

The increase marks the fourth straight week that pump prices have risen in New Jersey.

Lowest Gas Prices in New Jersey
New Jersey Gas Prices provided by GasBuddy.com

Meanwhile, the national average price rose by 3 cents to $3.65. That’s still lower than the national average from a year ago, when motorists were paying $3.68.

We’re going to see “lower prices ahead,” according to Tom Kloza, chief oil analyst for OPIS and AAA Gas price partner, due to the fact that “demand has steadily been deteriorating on a year-over-year basis.”  Kloza expects gas prices to fall throughout the summer, but said factors such as the upcoming hurricane season could deflect that prediction.

The Associated Press contributed to this story.


 

 

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