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AAA: New Jersey Gas Prices Continue To Fall

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 $2.16, down a penny from last week. That's also much lower than the price from a year ago, when motorists were paying $3.38.

This marks the fourth straight week that pump prices have fallen in New Jersey.

The national average price on Friday was $2.40, down 3 cents from last week. But that's still much lower than the national average from a year ago, when motorists were paying $3.57.

Analysts say gas prices will likely remain flat, assuming crude oil prices don't unexpectedly rebound. But there is concern that rising political tensions in the Middle East could prove troublesome.

(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 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 This material may not be published, broadcast, rewritten, or redistributed.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.)


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