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New Jersey Gas Prices Continue To Fall

Remember when a gallon of gas cost more than $4? Today, prices are less than $1.50 in some areas.
Remember when a gallon of gas cost more than $4? Today, prices are less than $1.50 in some areas. Photo Credit: Anthony Buzzeo/File

BERGEN COUNTY, N.J. — Gas prices hit a new low Monday and analysts expect the downward trend to continue, reports nj.com.

New Jersey drivers are finding prices at the tank as little as $1.49 per gallon for regular, says nj.com.

The decline follows a drop in wholesale costs last week, as refined gas inventories increased by more than 10 million barrels, according to nj.com.

Last year at this time, the average driver was paying $2.17 for a gallon of regular gas; on Friday, the state average was $1.83, according to AAA.

Click here to read the full story on nj.com.

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