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AAA Mid-Atlantic: NJ gas prices down sharply

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 gasoline in New Jersey on Friday was $3.31, down 8 cents from last week. That’s also much lower than the price from a year ago, when motorists were paying $3.80, and marks the eighth straight week that prices have fallen in New Jersey.

Meanwhile, the national average price fell by 5 cents to $3.51. That’s much lower than the national average from a year ago, when motorists were paying $3.89.

Analysts say the falling prices are due to falling crude oil prices, less demand for gas from drivers and signs of global and domestic economic weakness.