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AAA: Gas Prices Increase Slightly in Western PA

Gas prices are two cents higher in Western Pennsylvania this week at $3.643 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.643
Average price during the week of July 10, 2023                                                $3.623
Average price during the week of July 18, 2022                                                $4.737


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

$3.695      Altoona
$3.713      Beaver
$3.699      Bradford
$3.602      Brookville
$3.654      Butler
$3.655      Clarion
$3.596      DuBois
$3.656      Erie
$3.656      Greensburg
$3.695      Indiana
$3.582      Jeannette
$3.673      Kittanning
$3.654      Latrobe
$3.608      Meadville
$3.689      Mercer
$3.524      New Castle
$3.654      New Kensington
$3.693      Oil City
$3.668      Pittsburgh

$3.575      Sharon
$3.549      Uniontown
$3.699      Warren
$3.604      Washington

Trend Analysis: 

Despite a notable cratering in gas demand in the days since the July Fourth holiday, pump prices crept higher over the past week in most of the country. Today’s national average of $3.565 is two cents more than a week ago, one cent less than a month ago and 97 cents lower than a year ago.

The main culprit is a higher price for oil, which moved from the upper $60s per barrel recently to the mid-$70s. Oil prices have increased partly due to rising market optimism that fewer interest rate hikes may be on the horizon. At the close of last Wednesday’s formal trading session, WTI increased by 92 cents to settle at $75.75.

According to new data from the Energy Information Administration (EIA), gas demand decreased significantly from 9.6 to 8.76 million b/d last week. Meanwhile, total domestic gasoline stocks stayed flat at 219.5 million barrels. Although lower gas demand typically pushes pump prices lower, rising oil prices have lifted them. If oil prices continue to rise, pump prices will likely follow suit. 

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.

Ben

I am the owner of Cerebral-overload.com and the Verizon Wireless Reviewer for Techburgh.com. My love of gadgets came from his lack of a Nintendo Game Boy when he was a child . I vowed from that day on to get his hands on as many tech products as possible. My approach to a review is to make it informative for the technofile while still making it understandable to everyone. Ben is a new voice in the tech industry and is looking to make a mark wherever he goes. When not reviewing products, I is also a 911 Telecommunicator just outside of Pittsburgh PA. Twitter: @gizmoboaks

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