Gas Prices Still Dropping In Nj, Around Nation

TRENTON, N.J. (AP) — Gas prices are still dropping in New Jersey and around the nation amid the usual decline in demand after Labor Day, analysts said.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.74, down 13 cents from last week. Drivers were paying $3.21 a gallon on average a year ago at this time.

The national average price for a gallon of regular gasoline was $3.73, down seven cents from last week. Drivers were paying $3.18 a gallon on average a year ago at this time.

“Lower oil prices, modest domestic gasoline demand, and a relatively quiet hurricane season are combining to drive pump prices lower," AAA Mid-Atlantic said. But analysts warn that another month of peak hurricane season remains, and storms could disrupt Gulf of Mexico oil production and affect large coastal refineries.