AAA: Gas Prices Have Inched Lower For Nearly Two Consecutive Weeks

Two Dollar Gasoline Gas prices continued to cool this week in the Pittsburgh region

The price reached an intra-day high of $53.47 earlier this morning.

Nationally, the average price of gas went down 3.2 cents a gallon last week, to $2.30 a gallon, GasBuddy said in a statement.

The cheapest gas available in the Chattanooga area today, according to GasBuddy.com, is at the RaceWay and nearby Murphy USA stations on Signal Mountain Road.

Pittsburgh-area gasoline prices are up 56 cents from this time one year ago, when prices bottomed out close to $2 a gallon.

You're not paying as much at the pump right now, partly due to high supplies and lower demand. The average price for a gallon of regular unleaded has declined for 12 days straight in Georgia. It is 7.7 cents lower than a month ago.




OPEC and key non-OPEC oil producers are reducing the amount on the market in efforts to raise the price of crude.

Regardless of the outcome of the OPEC meeting, increased US crude oil inventories and rising shale production could negatively impact the global oil rebalancing effort, AAA said. In the meanwhile, Saudi Arabia and Russian Federation continue to weigh in on the cuts, suggesting they've stuck to the cuts even as US shale production ramps back up.

Crude oil futures were trading lower on Monday.

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