Gas Prices Tick Down in NJ, Up Nationwide

TRENTON, N.J. (AP) -
An service station displays the prices for three grades of gasoline Thursday, May 7, 2020, in Santa Ana, Calif. (AP Photo/Chris Carlson)

Gas prices ticked down a bit more in New Jersey but increased across the nation as a whole, which analysts say may indicate the end of the plunge as states reopen following coronavirus-related closures.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $1.99, down a penny from a week ago. Drivers were paying $2.93 a gallon a year ago at this time.

The national average gas price Friday was $1.82, up a nickel from a week ago. Drivers were paying $2.88 a gallon a year ago at this time

Analysts say as states begin to reopen closed businesses, they will likely see increases in demand with prices at the pump following suit.