World News | Gas Prices Increase in NJ, Around Nation Amid Higher Demand
Get latest articles and stories on World at LatestLY. Gas prices increased in New Jersey and around the nation at large amid increased demand as warmer spring weather lures motorists back out onto the roads, analysts said.
Trenton (US), Apr 1 (AP) Gas prices increased in New Jersey and around the nation at large amid increased demand as warmer spring weather lures motorists back out onto the roads, analysts said.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was USD 3.25, an increase of two cents from last week. Drivers were paying USD 4.19 a gallon on average a year ago at this time.
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The national average price for a gallon of regular gasoline was USD 3.50, up six cents from last week. Drivers were paying USD 4.22 a gallon on average a year ago at this time.
Analysts say tightening gasoline supplies and signs of slowing inflation have pushed oil prices above the USD 70 per barrel mark, and that and robust gas demand are likely to send prices at the pump higher for the time being. (AP)
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)