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NJ gas prices dip–prices nationally hitting 5 dollars a gallon

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Photo: Daniel Bockwoldt/dpa/Sipa USA

TRENTON, N.J. (AP) — Gas prices dipped a bit in New Jersey but rose a bit across the nation at large as crude oil prices dropped after the Federal Reserve’s interest rate hike and amid demand concerns. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $5.02, down two cents from last week. Drivers were paying $3.07 a gallon on average a year ago at this time. The national average price for a gallon of regular gasoline shot up to $5, an increase of two cents from last week. Drivers were paying $3.07 a gallon on average a year ago at this time.

—Copyright 2022 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

 

 

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