New Jersey Gas Prices Continue To Drop
TRENTON, N.J. (CBSNewYork/AP) – It's a holiday miracle!
Motorists continue to see sharply lower prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of a gallon of regular gas in the state on Friday was $2.55, down 10 cents from last week. That's also much lower than the price from a year ago, when motorists were paying $3.29.
This marks the thirteenth straight week that gas prices have fallen in New Jersey.
The national average price on Friday was $2.60, down 11 cents from last week. That's also much lower than the national average from a year ago, when motorists were paying $3.25.
Analysts say the lower prices are mostly due to abundant global oil production that has led to falling crude oil prices.
Are you hitting the road this holiday? Let us know where in the comments below?
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