New Jersey sees sharp decline in gas prices - pressofAtlanticCity.com: Breaking News

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New Jersey sees sharp decline in gas prices

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Posted: Saturday, December 8, 2012 11:02 am

Motorists are seeing sharply lower prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in New Jersey on Friday was $3.43, down 6 cents from last week. But that's still much higher than the price from a year ago, when motorists were paying $3.18.

Meanwhile, the national average price fell by 3 cents to $3.37. That's still higher than the national average from a year ago, which was $3.29.

Analysts say gas prices should continue to fall in New Jersey in the coming weeks as demand decreases and crude oil prices likely remain low.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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