Cars » Auto News

Drivers See Gas Prices Rise, with Perhaps More to Come

Tuesday Jul 10, 2018

Drivers in New Jersey and around the nation saw prices at the pump increase over the Independence Day holiday travel period.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.90, up three cents from last week. Motorists were paying $2.29 for gas in New Jersey at this time last year.

The national average gas price Friday was $2.87 a gallon, up two cents from last week. The national average a year ago was $2.24 a gallon.

Analysts say drivers should prepare for possible higher prices in coming weeks due to a shrinking global crude oil supply, continuing high demand in the summer driving season and sanctions on Iran creating an unpredictable market.

Copyright Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Add New Comment

Comments on Facebook