Gas prices fall below $4 in Lehigh Valley; holiday travel may push them up
Local pump prices dip as crude oil slides, but heavy Independence Day driving could boost demand.
For the second straight week the average price for a gallon of gas is below $4, and it’s even lower in the Lehigh Valley.
Gas prices in Pennsylvania are actually averaging just above the $4 mark at $4.007.
That’s still nine cents lower than one week ago.
According to AAA East Central‘s Gas Price Report the average price for a gallon of gas in the Lehigh Valley on June 29 was $3.713. That’s down from $3.786 the week prior, but significantly higher than it was one year ago when the average price was $3.272.
This week’s national average is six cents less than last week at $3.86 per gallon.
Crude oil prices have also continued to fall as the U.S. and Iran work toward a long-term deal. Despite lower prices, demand could rise as a record number of Americans prepare to travel for Independence Day weekend, with 85% planning to drive to their destinations. Today’s national average is 53 cents less than a month ago, but 58 cents more than a year ago.