NJ gas prices down 14 cents a gallon since June 21

July 15, 2009 12:48:41 PM PDT
Gas prices in New Jersey have been falling, and AAA Mid-Atlantic says it expects the trend to continue for the remainder of the summer. The average price of a gallon of gas now stands at $2.43 in the Garden State.

That's 14 cents cheaper than the 2009 high, which came on June 21.

This time last year, New Jerseyans were paying an average of $3.99 a gallon.

AAA said Wednesday that the national average has fallen to $2.50 for the first time since May 31.

Falling oil prices worldwide are driving the downward trend. Oil was trading at $60 a barrel early Wednesday. That compares to $147 a barrel last July.

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