AAA: Gas Prices Dip in Pennsylvania

Gas prices are a penny lower in Western Pennsylvania this week at $3.664 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.664
Average price during the week of May 30, 2023                                                $3.676
Average price during the week of June 6, 2022                                                 $4.851

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

$3.692      Altoona
$3.748      Beaver
$3.705      Bradford
$3.513      Brookville
$3.684      Butler
$3.657      Clarion
$3.446      DuBois
$3.671      Erie
$3.709      Greensburg
$3.717      Indiana
$3.715      Jeannette
$3.724      Kittanning
$3.721      Latrobe
$3.684      Meadville
$3.699      Mercer
$3.510      New Castle
$3.732      New Kensington
$3.688      Oil City
$3.726      Pittsburgh
$3.524      Sharon
$3.641      Uniontown
$3.699      Warren
$3.666      Washington

Trend Analysis: 

Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon of gas fell three cents over the past week to $3.55. The cost of crude oil, which accounts for more than half of the cost of a gallon of gas, has been staying in the low $70s per barrel and even dipped into the $60’s last week. The drop in crude prices has contributed to lower gas prices. Today’s national average is a penny lower than a month ago and $1.29 less than a year ago.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $1.37 to settle at $68.09. Additionally, the Energy Information Administration (EIA) reported that total domestic commercial crude inventories increased significantly by 4.5 million barrels to 459.7 million barrels last week. 
 

According to new data from the EIA, gas demand decreased from 9.43 to 9.1 million barrels per day last week. Lower demand has helped to cap increases in pump prices. Meanwhile, total domestic gasoline stocks dropped slightly to 216.1 million barrels.

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

AAA East Central is a not-for-profit association with 69 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.