Gas prices drop amid lower crude prices, increase of supply

 (Photo by Phil Walter/Getty Images)

TRENTON, N.J. (AP) - Drivers in New Jersey and around the nation are seeing declining prices at the pump amid lower crude prices and an increase in supplies.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.74, four cents lower than last week and well below the average $2.90 at this time last year.

The national average gas price Friday was $2.67 a gallon, down five cents from last week and also below the average of $2.86 at this time last year.

Analysts say the downward trend could continue, helping drivers save money on the last road trips of the summer driving season.