TRENTON, N.J. (AP) — Motorists are seeing slightly lower prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of a gallon of regular gasoline in the state on Friday was $3.49, down a penny from last week. But that’s still higher than the price from a year ago, when motorists were paying $3.40.
The national average price remained at $3.66 for the third straight week. But that’s slightly more than the national average from a year ago, when motorists were paying $3.63.
Analysts say the higher prices are due to stronger than expected demand and concerns about geopolitical tensions, mostly in Libya and the Ukraine.