Gas prices continue to drop at the Jersey Shore

(Big Stock photo)

(Big Stock photo)

Motorists continue to see lower prices at Jersey Shore gas pumps.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey Friday was $2.54. That’s down 7 cents from last week.

According to Gas Buddy, prices at the Jersey Shore currently range from $2.36 to $2.71 for a gallon of regular gas.

AAA reports an area average price of $2.42 per gallon, down from $2.50 last week and $2.75 last month.

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Motorists were paying $2.01 for gas in New Jersey at this time last year. A 23-cents-per-gallon gas tax increase went into effect Nov. 1.

This marks the fourth straight week that gas prices have fallen in New Jersey.

The national average gas price Friday was $2.51, down 6 cents from last week. That’s higher than the national average from a year ago, when motorists were paying $2.25.

Analysts say gas prices should continue to drop as demand falls and more Gulf Coast refineries affected by Hurricanes Harvey and Irma return to normal operations.

Energy analyst Tom Kloza tells that gas prices might drop 10 to 30 cents per gallon over the next three months.


The Associated Press contributed to this report. 

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