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Gas prices continue to drop, but end may be in sight

December 15, 2018

TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation continue to see gas prices drop, but analysts warn that cheaper prices may not last long into the new year.

AAA Mid-Atlantic says the average price of a gallon of regular gas in the state on Friday was $2.46, down three cents from a week ago. Drivers were paying $2.50 a gallon a year ago at this time.

The national average gas price Friday was $2.39 a gallon, down another nickel from last week. Last year at this time, drivers were paying $2.45 a gallon.

Analysts say crude oil prices have started to rebound following OPEC’s decision to cut production beginning in January — and if oil prices rise, so will gas prices.

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