Watch CBS News

Gas Prices Falling For 13th Straight Week In New Jersey

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 a gallon of regular gas in the state on Friday was $2.55, down 10 cents from last week. That's also much lower than the price from a year ago, when motorists were paying $3.29.

This marks the thirteenth straight week that gas prices have fallen in New Jersey.

The national average price on Friday was $2.60, down 11 cents from last week. That's also much lower than the national average from a year ago, when motorists were paying $3.25.

Analysts say the lower prices are mostly due to abundant global oil production that has led to falling crude oil prices.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

You may also be interested in:
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.