Watch CBS News

Gas Prices Drop In New Jersey, Around Nation As Gas Inventories Go Up

TRENTON, N.J. (AP) -- Gas prices dipped in New Jersey and around the nation as gas inventories increased even as crude oil inventories decreased.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.90, down two cents from a week ago. Drivers were paying an average of $2.11 a gallon a year ago at this time.

The national average price for a gallon of regular gasoline was $2.86, down a penny from last week. Drivers were paying an average of $1.89 a gallon a year ago at this time.

Analysts say gasoline demand is expected to increase throughout the month as weather turns warmer and COVID-19 vaccinations become more widely available, so prices at the pump are expected to continue to fluctuate throughout the spring season.

(©Copyright 2021 by The Associated Press. All Rights Reserved.)

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.