Drivers In New Jersey, Across Nation Seeing Lowest July 4 Weekend Gas Prices In 4 Years
Motorists heading out for the holiday weekend in New Jersey and around the country are seeing the lowest gas prices for the July 4 period in four years.
TRENTON, N.J. (AP) – Motorists heading out for the holiday weekend in New Jersey and around the country are seeing the lowest gas prices for the July 4 period in four years. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday ticked up a penny to $2.16.
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Drivers were paying $2.80 a gallon at this time last year.
The national average price for a gallon of regular gasoline was $2.17, unchanged from last week. The national average was $2.73 at this time a year ago.
Analysts say gas prices in the region are fairly stable with data showing demand has slightly decreased while gasoline supplies increased. The national average is also holding steady, meaning gasoline supply and demand are largely in-sync across the country.
Copyright 2020 The Associated Press.