Gas prices continue to set record highs across New Jersey and the state average will surpass $5 per gallon this week.

AAA puts the average for regular at $4.98 as of Monday morning. That is up three pennies since Sunday.

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Mercer, Somerset, Essex, Morris and Cape May counties are already averaging over $5 per gallon.

After pausing for about a week before Memorial Day, pump prices have resumed a steady rise of one to three cents per day.

Today's prices reflect an increase of 22-cents in a week and 61-cents in a month. A year ago we were paying $3.06 a gallon for regular.

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Demand for gas and rising oil prices are combining to cause the daily increases, but will demand start dropping?

A poll of drivers by AAA showed most not planning to change summer vacation plans unless gas hit the $5 mark.

Many analysts do not see a slowdown anytime soon.

In terms of what we are spending, Patrick De Haan of GasBuddy.com says Americans are spending $1.82 billion on gasoline every 24-hours. That's an increase of $94 million in just a week.

If you want to save some money on your fill-up, you may want to hit a rest stop on the New Jersey Turnpike or Garden State Parkway. Prices will be changing this week, but for now a gallon of regular is $4.88. That's the lowest price currently in New Jersey.

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Eric Scott is the senior political director and anchor for New Jersey 101.5. You can reach him at eric.scott@townsquaremedia.com

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