Gas prices higher, but more supply, less demand slowing rise
![](https://images.foxtv.com/static.fox29.com/www.fox29.com/content/uploads/2020/07/764/432/Gas-Pump-File-2.jpg?ve=1&tl=1)
TRENTON, N.J. - Drivers saw another week of increasing gas prices in New Jersey and around the nation, but analysts say increased gasoline stocks and a decrease in demand are helping to slow the rate of increase.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.95, up five cents from a week ago.
Drivers were paying an average of $2.32 a gallon a year ago at this time.
The national average price for a gallon of regular gasoline was $2.88, also up five cents from last week.
Drivers were paying an average of $2.19 a gallon a year ago at this time.
___
DOWNLOAD: FOX 29 NEWS APP
SUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTube