TRENTON, NJ (AP) – Gas prices rose in New Jersey and across the country amid a continued rise in crude oil prices and despite a drop in consumer demand.
The average price for a gallon of regular gasoline in New Jersey on Friday was $3.38, up one cent from last week, according to AAA Mid-Atlantic. At that time, a year ago, motorists were paying an average of $2.54 a gallon.
The national median price for a gallon of regular gasoline was $3.32, up two cents from last week. Drivers were paying an average of $2.39 a gallon a year ago at that time.
Tracy Noble, spokeswoman for AAA Mid-Atlantic, attributes the rise in oil prices to “global economic optimism, justified or not, that the worst of COVID may soon be behind us.” She said the fall in demand was likely due to winter weather and the pandemic, but if crude oil prices continue to rise, gas prices are likely to follow.