As the Thanksgiving Weekend Ends, Gas Prices are Still Dropping

Gas prices are five cents lower in Western Pennsylvania this week at $3.623 per gallon, according to AAA East Central’s Gas Price Report.
The average price of unleaded self-serve gasoline in Beaver County is currently $3.73.

Immediately following the Thanksgiving holiday, the national average for a gallon of gas continues to fall. Since last week, pump prices have decreased five cents to $3.25.  Over the last two months, the national average has either fallen or remained flat with eleven states now having averages below $3 per gallon. Today’s national average is 26 cents less than a month ago and 30 cents less than a year ago.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $1.56 to settle at $75.54. Oil prices fell due to the perceived easing of geopolitical tensions in the Middle East after the release of some hostages in Gaza. This comes ahead of Thursday’s OPEC+ meeting to decide on production cuts for 2024.