New Jersey Gas Prices Drop Due To Declining Crude Oil Prices, Demand Amid Coronavirus Concerns
TRENTON, N.J. (AP) - Drivers in New Jersey are seeing gas prices heading down again due to declining crude oil prices and global demand for both oil and gasoline amid concerns about the new coronavirus. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.46, down four cents from a week ago.
Drivers were paying $2.48 a gallon a year ago at this time.
The national average gas price Friday was $2.40, down a nickel from a week ago. A year ago, motorists were paying $2.43 a gallon.
Analysts expect downward pressure on gas prices to continue through the end of the winter driving season, but refinery maintenance could put pressure on regional refinery utilization, supply and gas prices before the spring driving season.
Copyright 2020 The Associated Press.
