Gas Prices Drop in New Jersey, Dip Across Nation at Large

Reuters
By Reuters
January 14, 2023Businessshare
Gas Prices Drop in New Jersey, Dip Across Nation at Large
Customers buy gas in Chevy Chase, Md., on Jan. 12, 2023. (Mandel Ngan/AFP via Getty Images)

TRENTON, N.J.—Gas prices dropped in New Jersey and also ticked down across the nation at large, analysts said.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.27, down four cents from last week. Drivers were paying $3.37 a gallon on average a year ago at this time.

The national average price for a gallon of regular gasoline was $3.28, down a penny from last week. Drivers were paying $3.30 a gallon on average a year ago at this time.

Analysts say the recent surge in gas prices due to frigid weather and holiday travel may be ending as the weather improves and demand decreases. They expect prices at the pump to decline heading toward February but believe the national averages before Christmas will likely turn out to have been the lows for this winter.

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