AAA: Gas Prices Continue to Climb in PA

Gas prices are nine cents higher in Western Pennsylvania this week at $3.865 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.865
Average price during the week of January 23, 2023                                          $3.779
Average price during the week of January 31, 2022                                          $3.481

The average price of unleaded self-serve gasoline in various areas:      

$3.886      Altoona
$3.835      Beaver
$3.886      Bradford
$3.841      Brookville
$3.881      Butler
$3.835      Clarion
$3.870      DuBois
$3.869      Erie
$3.836      Greensburg
$3.890      Indiana
$3.888      Jeannette
$3.880      Kittanning
$3.893      Latrobe
$3.884      Meadville
$3.888      Mercer
$3.796      New Castle
$3.870      New Kensington
$3.899      Oil City
$3.857      Pittsburgh
$3.805      Sharon
$3.854      Uniontown
$3.889      Warren
$3.856      Washington

Trend Analysis: 

The recent run of daily one- to four-cent price increases slowed heading into this past weekend, with prices now dipping slightly to start the week. However, increased demand and higher global oil prices pushed the national average for a gallon of gas up eight cents since last week to $3.50. Today’s national average is 33 cents more than a month ago and 14 cents more than a year ago.

According to data from the Energy Information Administration, gas demand rose slightly from 8.05 to 8.14 million barrels per day last week. Meanwhile, total domestic gasoline stocks increased by 1.7 million barrels to 232 million barrels. Rising gas demand and elevated oil prices have contributed to higher pump prices.

At the close of Friday’s formal trading session, West Texas Intermediate decreased by $1.33 to settle at $79.68. Although a higher dollar contributed to pushing prices lower at the end of the week, oil prices rose earlier last week amid ongoing market optimism that global oil demand will be more robust than anticipated in 2023. This is partly due to China re-opening its economy after imposing strict COVID-19 lockdowns that curtailed demand.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 70 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.