AAA: Gas Prices Dip in Western PA Ahead of Independence Day Holiday

Gas prices are a penny lower in Western Pennsylvania this week at $3.642 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.642
Average price during the week of June 19, 2023                                               $3.655
Average price during the week of June 27, 2022                                               $4.979

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

$3.694      Altoona
$3.731      Beaver
$3.699      Bradford
$3.521      Brookville
$3.669      Butler
$3.654      Clarion
$3.430      DuBois
$3.666      Erie
$3.667      Greensburg
$3.695      Indiana
$3.636      Jeannette
$3.696      Kittanning
$3.676      Latrobe
$3.668      Meadville
$3.709      Mercer
$3.491      New Castle
$3.685      New Kensington
$3.696      Oil City
$3.695      Pittsburgh
$3.503      Sharon
$3.566      Uniontown
$3.699      Warren
$3.609      Washington

Trend Analysis: 

As the Independence Day holiday approaches, drivers are finding prices significantly lower than last year as low oil costs are keeping gas prices relatively stable.  The national average for a gallon of gas remained steady since last week at $3.57. That’s $1.32 less than a year ago and the same as one month ago.

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.19 barrels per day to 9.3 million barrels per day last week. Meanwhile, total domestic gasoline stocks increased by 500,000 barrels to 221.4 million barrels. 

At the close of Friday’s formal trading session, West Texas Intermediate decreased by $.35 to settle at $69.16. Oil prices declined due to market concerns about the U.S. Federal Reserve resuming interest rate increases, which could tip the economy into a recession. Additionally, the EIA reported that total domestic commercial crude inventories decreased by 3.8 million barrels to 463.3 million barrels last week.

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.