NJ Gas Prices Dropping Ahead of July 4th Weekend
Gas prices continue their slow, but steady, decline in New Jersey.
AAA puts the average for regular at $4.91 a gallon in the Garden State. That's off eight cents from a week ago, but still 16 cents higher than a month ago.
A year ago, New Jersey drivers were paying $3.12 a gallon.
Even with demand for gasoline rising, oil prices have been falling, contributing to the decline.
Industry analyst Patrick De Haan from GasBuddy.com predicts a further decline as we approach the July 4th weekend, perhaps another 10-15 cents per gallon.
Every New Jersey except one now has average prices below $5 per gallon. Somerset County is still averaging $5.05, according to AAA, and remains the most expensive place to buy gas.
Prices at rest stops on the New Jersey Turnpike and Garden State Parkway also remain above $5 per gallon.
Shore counties have followed the trend of lower prices from a low of $4.85 (Atlantic) to $4.93 (Monmouth and Cape May).
Gas prices have been declining about one cent per day since reaching a peak of $5.05 a gallon on June 13.
Diesel prices have also been falling. They hit a peak of $6.33 per gallon on May 18, but have now fallen to $5.98.