AAA: Gas Prices Continue to Drop in PA

Gas prices are six cents lower in Western Pennsylvania this week at $3.845 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Western Pennsylvania Average                          $3.845
Average price during the week of October 9, 2023                                            $3.901
Average price during the week of October 17, 2022                                          $3.990

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

$3.797      Altoona
$3.941      Beaver
$3.761      Bradford
$3.811      Brookville
$3.874      Butler
$3.872      Clarion
$3.862      DuBois
$3.841      Erie
$3.831      Greensburg
$3.852      Indiana
$3.871      Jeannette
$3.879      Kittanning
$3.850      Latrobe
$3.753      Meadville
$3.912      Mercer
$3.685      New Castle
$3.882      New Kensington
$3.863      Oil City
$3.860      Pittsburgh
$3.853      Sharon
$3.865      Uniontown
$3.881      Warren
$3.840      Washington

Trend Analysis: 

Domestic pump prices maintained their daily decline despite the uncertainty in the oil market in the days since Hamas terrorists attacked Israel. Oil prices have risen a few dollars per barrel this week, but that is far from the roughly $40 per barrel temporary spike following last year’s Russian invasion of Ukraine.  The critical difference is that Russia is a significant oil producer, while Israel and the Palestinian territories are not. The national average for a gallon of gas has fallen 10 cents since last week to $3.64. Today’s national average is 27 cents less than a month ago and 28 cents less than a year ago.
 

According to new data from the Energy Information Administration (EIA), gas demand increased from 8.01 to 8.58 million barrels per day last week. On the other hand, total domestic gasoline stocks fell by 1.3 million barrels to 225.7 million barrels. Tepid demand, alongside descending oil prices, has pushed pump prices lower.

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.TROY