Gasoline Prices Continue Their Decline

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STATE — Average retail gasoline prices in New Jersey have fallen in the past week, averaging $3.40 per gallon yesterday. This compares with the national average that has fallen in the last week to $3.56 per gallon, according to gasoline price website

Including the change in gas prices in New Jersey during the past week, prices yesterday were lower than the same day one year ago and are 24.1 cents per gallon lower than a month ago. The national average has decreased during the last month and stands lower than this day one year ago.

“”While current factors still point to some falling gasoline prices in some areas, mainly the West Coast, oil prices haven’t continued to shed as much value in the past week,” said Senior Petroleum Analyst Patrick DeHaan. “Prices in the past few years have bottomed out in June, we could see a similar situation play out this year.”

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