Drivers see gas prices rise, with perhaps more to come
TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation saw prices at the pump increase over the Independence Day holiday travel period.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.90, up three cents from last week. Motorists were paying $2.29 for gas in New Jersey at this time last year.
The national average gas price Friday was $2.87 a gallon, up two cents from last week. The national average a year ago was $2.24 a gallon.
Analysts say drivers should prepare for possible higher prices in coming weeks due to a shrinking global crude oil supply, continuing high demand in the summer driving season and sanctions on Iran creating an unpredictable market.