AAA: Gas Prices As Low As $1.56 In New Jersey

TRENTON, N.J. (CBSNewYork/AP) -- Motorists continue to see 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 $1.56, down 3 cents from last week. That's also much lower than the price from a year ago, when motorists were paying $2.16.

The national average price on Friday was $1.73, up a penny from last week. But that's still much lower than the national average from a year ago, when motorists were paying $2.34.

Analysts say gas prices could rise in the coming weeks, as refineries conduct annual maintenance and continue the process to bring summer-blend gasoline to the market.

But they also note that demand for gas remains low while supplies are soaring.

(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)