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(2007-05-27)
TRENTON, NJ
(Associated Press) -
Drivers in New Jersey are enjoying the nation's lowest gas prices. AAA reports it's the only state where the average gallon of gas costs less than three-dollars. That's due in part to lower taxes. An American Petroleum Institute report found in March that people in New Jersey pay about 30-cents a gallon in state and federal taxes. That's the third-lowest rate in the country.
New Jersey motorists also benefit from in-state oil refineries. AAA says having them nearby helps keep industry transportation costs down.
Prices at New Jersey pumps are about 50 cents less per-gallon than states with the highest prices, which are Illinois, Michigan, Indiana and California.
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