AP NEWS

NJ drivers see gas prices tick up, prices dip across nation

February 29, 2020 GMT

TRENTON, N.J. (AP) — Drivers in New Jersey are seeing gas prices tick up a bit as drivers around the nation as a whole benefit from a slight decrease.

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

The national average gas price Friday was $2.45, down a penny from a week ago. A year ago, motorists were paying $2.41 a gallon.

Analysts say low demand, an increase in the crude oil supply and falling crude oil prices could push gas prices lower. But there could be volatility in coming days and weeks due to refinery maintenance and the mid-March switch to summer blend gasoline (which has a lower volatility to limit evaporative emissions that normally increase with warm weather.)