AAA Mid-Atlantic: NJ gas prices up sharply

Latest on Gas and Fuel Costs

April 4, 2011 4:29:21 AM PDT
Motorists are again seeing sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline on Saturday was $3.44, up six cents from last week. And that's also much higher than a year ago, when New Jersey motorists were paying $2.63.

Meanwhile, the national average price rose by seven cents to $3.63. That's also much higher than the national average from a year ago, which was $2.81.

AAA Mid-Atlantic says the rising pump prices in New Jersey are mainly due to the volatile crude oil market - which continues to fluctuate due to the tumultuous situation in Libya and the Middle East - and other global concerns, including a weak U.S. dollar.

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