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AAA Mid-Atlantic: NJ Gas Prices Down Sharply

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TRENTON, N.J. (AP) — Motorists continue to see sharply lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.38, down 9 cents from last week. But that’s still much higher than it was a year ago, when motorists were paying $2.50.

Meanwhile, the national average price fell 9 cents to $3.45, marking the first time that’s been below $3.50 in six months. But that’s also much higher than the national average from a year ago, which was $2.69.

Analysts say the falling prices at the pump are mostly due lower crude oil prices, which have been dropping to due to domestic and international economic concerns.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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