Gasoline Prices Continue To Soar In New Jeresy

TRENTON, N.J. (CBS/AP) – Motorists continue to see sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.30, up 16 cents from last week. That’s also much higher than a year ago, when New Jersey motorists were paying $2.57.

Meanwhile, the national average price rose to $3.47, up 18 cents from last week. That’s also much higher than the national average from a year ago, which was $2.71.

The sharp boosts are again due to surging crude oil prices, which are being driven by the tumultuous situation in Libya and fears that the unrest may spread to other oil producing areas in the Middle East.

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(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. grumpy says:

    Other oil producing countries have stated that they will increase their oil out put to make up for the shortage. It’s the WALL STREET SPECULATORS that are creating this problem. The President has to grow some and reign these people in! Again Main Street suffers.

  2. Stephen says:

    The money grubbing oil companies are the blame.

  3. President says:

    Who is Obama?

  4. Spartacus says:

    It’s Obama’s fault!

Comments are closed.

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