National average gas price falls 16 cents to $4 per gallon

Gas prices have decreased for nearly two weeks, with the national average for a gallon of regular gasoline falling 16 cents from last week to $4, according to AAA East Central's Gas Price Report reported by Tribune Chronicle.

In Northeast Ohio, gas prices are down 31 cents this week, averaging $3.874 per gallon. Specific cities such as Niles and Youngstown have prices around $3.90 and $3.85 respectively.

Despite the recent decline, current prices remain the highest ever recorded for November, exceeding last year's average by more than one dollar nationally and by about 78 cents in Northeast Ohio.

Data from the Energy Information Administration shows gasoline demand increased from 8.35 million to 8.80 million barrels per day last week, while domestic gasoline supply slightly decreased. Gasoline production rose from 9.24 million to 9.70 million barrels per day.

West Texas Intermediate crude oil prices were at $86.53 per barrel, with U.S. crude oil inventories down 0.9 million barrels to 409.8 million barrels, which is 4% below the five-year average.

Electric vehicle charging costs also increased by one cent to 42 cents per kilowatt hour at public stations. The most expensive gasoline markets include California and Hawaii, while the least expensive include North Carolina and Texas.