Gas Prices Take Another Big Jump In Nj, Around Nation

TRENTON, N.J. (AP) — Gas prices have increased dramatically again in New Jersey and around the nation as the Memorial Day weekend approaches.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.77, up 27 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 was $4.59, up another 16 cents from last week. Drivers were paying $3.04 a gallon on average a year ago at this time.

Analysts attribute the increase primarily to the high cost of crude oil, which is hovering near $110 a barrel, with tighter supply and increased seasonal demand is pushing pump prices higher.