17 Weeks and Counting – Gas Prices Continue To Climb in NJ
The rise toward $4 a gallon for gasoline in New Jersey continues as we have seen another rise in the average price, with no end seemingly in sight due to overseas factors and economic factors here in America.
The Associated Press reported word out of AAA Mid-Atlantic last night that the average price of regular gasoline in New Jersey on Friday was $3.72 – up 4 cents from last week. That’s also much higher than it was a year ago, when motorists were paying $3.40. The price boost marks the 17th straight week that gas prices have risen here in New Jersey.
The national average price rose 4 cents and is now $3.93, also much higher than the national average from a year ago, which was $3.61. Is there an end in sight? Analysts may not see that right now, as they blame the gas prices on “continuing tensions in the Middle East, along with continued signs of an improving U.S. economy”.