Gasoline Prices Continue To Soar In New Jeresy

TRENTON, N.J. (CBS/AP) – Motorists continue to see sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.30, up 16 cents from last week. That’s also much higher than a year ago, when New Jersey motorists were paying $2.57.

Meanwhile, the national average price rose to $3.47, up 18 cents from last week. That’s also much higher than the national average from a year ago, which was $2.71.

The sharp boosts are again due to surging crude oil prices, which are being driven by the tumultuous situation in Libya and fears that the unrest may spread to other oil producing areas in the Middle East.

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(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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