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.

Follow Action News on Twitter

Get Action News on your website

Follow Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.