Gas prices in the Capital Region are on a steady decline, providing relief to motorists. According to AAA, the average cost for a gallon of regular gasoline is now $3.10, down two cents from last week and nine cents from a month ago. The state average is slightly higher at $3.13, while the national average stands at $3.04.
The decrease in prices is attributed to several factors. The Energy Information Administration reports that gasoline demand has dropped to a four-month low, contributing to the continued decline in pump prices. Additionally, the transition from summer-grade to winter-grade fuel and higher gasoline inventories at the end of the third quarter are expected to further reduce prices in the coming weeks.
As reported by AAA Newsroom, the national average for a gallon of regular gasoline has decreased to $3.11. The price drop is supported by a decline in crude oil prices, which fell below $60 a barrel due to easing geopolitical tensions and concerns about global oil demand…