NJ gas prices take another jump

Latest on Gas and Fuel Costs

November 16, 2010 2:48:25 PM PST
Motorists are seeing sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in the Garden State on Friday was $2.78, up 5 cents from a week ago.

That's also higher than a year ago, when New Jersey motorists were paying $2.53.

Meanwhile, the national average price rose 6 cents to $2.88.

That's also higher than the national average from a year ago, which was $2.65.

AAA Mid-Atlantic says the rising prices are again due to the weak U.S. dollar and recent surges in the price of crude oil, which has been trading above $85 a barrel in recent weeks.

Higher oil prices mean refiners pay more for crude to make gasoline and other refined products.

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