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Motorists in the Capital Region are experiencing some relief at the gas pump as prices have decreased. According to AAA, the average cost for a gallon of regular fuel is now $3.09, which is down five cents from last week and four cents less than a month ago. This decline is attributed to changes in supply and demand dynamics.
The state average for gas is slightly higher at $3.10 per gallon, while the national average stands at $3.19. Despite recent fluctuations, AAA reports that overall fuel costs have been easing due to lower oil prices and reduced domestic demand. AAA East Central noted that while gasoline demand has increased, production has decreased, contributing to the price changes.
Nationally, gas prices have been influenced by various factors, including refinery maintenance and the switch to summer-blend gasoline. AAA Newsroom reported that the national average recently rose to $3.26, but remains below last year's levels.
Looking ahead, experts predict that gas prices may continue to fluctuate due to ongoing economic concerns and potential tariffs. Motorists are advised to stay informed and consider fuel-efficient practices to manage their expenses.