TRENTON, NJ – Gas prices fell in New Jersey and fell across the country, analysts said.
AAA Mid-Atlantic reports that the average price of a gallon of regular gasoline in New Jersey was $3.27 on Friday, down four cents from last week. A year ago at this time, drivers were paying an average of $3.37 per gallon.
The national average price for a gallon of regular gasoline was $3.28, down a penny from last week. A year ago at this time, drivers were paying an average of $3.30 per gallon.
Analysts say the recent spike in gas prices due to cold weather and vacation travel may stop as the weather improves and demand eases.
They expect gas prices to ease by February, but believe national averages before Christmas are likely to be the lowest for this winter.
The report used information from the Associated Press.
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