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Gas prices declining

Published December 02. 2017 12:04AM

Gas prices in Pennsylvania dropped by 1.3 cents this week to an average of $2.765 per gallon, according to AAA East Central’s Gas Price Report.

In the mid-Atlantic and Northeast region, gas prices are cheaper on the week, dropping everywhere except in Washington, D.C.

With a build of 546,000 barrels, the region saw the largest gasoline inventory increase in the country on the week.

However, the region is also experiencing the largest deficit year-over-year, according to the latest Energy Information Administration report. An uptick in imports is expected to help reduce the deficit.

The national gas price average has been trending cheaper for 11 days. At $2.50, today’s price is 3.2 cents less than a week ago. The price is up 3.5 cents from a month ago and 36.7 cents higher than a year ago.

In 2017, gas prices have strayed from typical trends. Historically, year-end gas prices tend to be relatively cheap due to a drop-off in fall gasoline demand around Labor Day and the move to cheaper to produce winter-blend gasoline in mid-September. This year, the typical factors that drive gas prices down in winter were outweighed by the impact of two major hurricanes, steady consumer demand and continued growth in gasoline exports. While gas prices could decline between now and the end of the year, motorists will still pay the highest November and December gas prices since 2014. Here is a look at gas prices:

Average in Pa:

Nov. 28: $2.765

Nov. 21: $2.778

Nov. 28, 2016: $2.355

Average in the Lehigh Valley:

Nov. 28: $2.720

Nov. 21: $2.737

Nov. 28, 2016: $2.338

Motorists can find current gas prices along their route with the free AAA Mobile app.

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