Price of gas continues to fall in region
Gas prices fell four cents this week.
And the price here, typically among the highest in the region, is falling closer to that average.
The regional price came in this week at $3.80, according to AAA East Central’s Gas Price Report.
The price in Warren checked in at $3.83.
“Despite global tensions causing ripples through the oil market, the national average for a gallon of gas is maintaining its annual autumn dip, falling six cents since last week to $3.54,” the report detailed.
The national average has fallen 31 cents in the last month.
Data from the Energy Information Administration showed an increase in demand along with a decline in supply.
“Although higher demand and tightening supply typically increase pump prices, stabilized oil prices have had the opposite effect,” the report states.
“Earlier in the week, the price of oil rose due to concerns that the Israel-Hamas war could lead to reduced oil output from countries in the region, but those concerns have subsided for now.”