AAA: Gas Prices Continue to Rise in PA
Gas prices are five cents higher in Western Pennsylvania this week at $3.941 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.941
Average price during the week of September 18, 2023 $3.894
Average price during the week of September 26, 2022 $3.902
The average price of unleaded self-serve gasoline in various areas:
$3.953 Altoona
$3.912 Beaver
$3.885 Bradford
$3.890 Brookville
$3.956 Butler
$3.930 Clarion
$3.940 DuBois
$3.972 Erie
$3.926 Greensburg
$3.987 Indiana
$3.956 Jeannette
$3.943 Kittanning
$3.954 Latrobe
$3.947 Meadville
$3.999 Mercer
$3.844 New Castle
$3.941 New Kensington
$3.999 Oil City
$3.925 Pittsburgh
$3.922 Sharon
$3.946 Uniontown
$3.999 Warren
$3.931 Washington
Trend Analysis:
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.31 to 8.41 million barrels per day last week. Meanwhile, total domestic gasoline stocks declined slightly from 220.3 to 219.5 million barrels. Higher gas demand, amid tighter supply, has contributed to elevated pump prices, but oil remaining above $90 per barrel continues to steer the price increases.
At the close of Wednesday’s formal trading session, West Texas Intermediate dropped by 92 cents to settle at $90.28. Oil prices decreased due to ongoing market concerns that energy demand could be lowered if future interest rate increases tip the U.S. economy into a recession. Additionally, prices declined despite the EIA reporting that total commercial crude stocks decreased by 2.1 million barrels to 418.5 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.