Gas Prices Fall Again in NJ, Nation as Demand Remains Low

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FILE - A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. U.S. consumers were less confident this month as concerns about inflation took hold again after receding in recent months. The Conference Board reported Tuesday, Oct. 25, that its consumer confidence index fell to 102.5 in October, from 107 in September. The American consumer had grown more confident in the past couple months as rising gas prices moderated slightly even as prices for other essential items have remained elevated. (AP Photo/Marta Lavandier)

N.J. (AP) — Gas prices have again dropped sharply in New Jersey and around the country as demand remains slow and supplies continue to increase.

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AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.49, down 14 cents from last week. Drivers were paying $3.42 a gallon on average a year ago at this time.

The national average price for a gallon of regular gasoline was $3.31, down 13 cents last week. Drivers were paying $3.33 a gallon on average a year ago at this time.

Analysts say gas prices will likely continue to drop next week, though not as sharply as in recent weeks given the decision by OPEC to continue cutting production.


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Shmuel
Shmuel
1 year ago

On the day President Trump left office, the gasoline was about $1.80/gallon. So it’s like gaining 60 pounds, then losing 5 and going around bragging that you lost weight.

Educated Archy
Educated Archy
1 year ago

Hoaw about egg prices? Its a necessaity and I don’t have wic to pay for it