AAA: Gas Prices Continue to Dip in PA

Gas prices are three cents lower in Western Pennsylvania this week at $3.741 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Western Pennsylvania Average                          $3.741
Average price during the week of October 30, 2023                                          $3.775
Average price during the week of November 7, 2022                                        $4.019

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

$3.733      Altoona
$3.798      Beaver
$3.758      Bradford
$3.670      Brookville
$3.814      Butler
$3.808      Clarion
$3.738      DuBois
$3.708      Erie
$3.754      Greensburg
$3.797      Indiana
$3.794      Jeannette
$3.792      Kittanning
$3.755      Latrobe
$3.534      Meadville
$3.877      Mercer
$3.437      New Castle
$3.795      New Kensington
$3.797      Oil City
$3.754      Pittsburgh
$3.625      Sharon
$3.799      Uniontown
$3.828      Warren
$3.667      Washington

Trend Analysis: 

The national average for a gallon of gas shaved off eight cents since last week, falling to $3.41. The primary reasons are flat demand at the pump and lower costs for oil. There are now thousands of gas stations selling regular below $3 a gallon and even a few that have dipped below $2. Today’s national average is 33 cents lower than a month ago and 39 cents lower than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand decreased slightly from 8.86 to 8.7 million barrels per day last week. Meanwhile, total domestic gasoline stocks remained flat at 223.5 million barrels. Lower gas demand, alongside declining oil prices, has contributed to pushing pump prices down.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by 58 cents to settle at $80.44. Oil prices fell as the dollar strengthened after the U.S. Federal Reserve decided to hold off on another interest rate increase for now. Additionally, the EIA reported that total domestic commercial crude inventories increased by 800,000 barrels to 421.9 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.