This week’s average prices: Western Pennsylvania Average $3.603
Average price during the week of November 27, 2023 $3.623
Average price during the week of December 5, 2022 $3.996
The average price of unleaded self-serve gasoline in various areas:
$3.565 Altoona
$3.647 Beaver
$3.739 Bradford
$3.501 Brookville
$3.594 Butler
$3.707 Clarion
$3.568 DuBois
$3.513 Erie
$3.627 Greensburg
$3.588 Indiana
$3.559 Jeannette
$3.716 Kittanning
$3.573 Latrobe
$3.523 Meadville
$3.780 Mercer
$3.460 New Castle
$3.596 New Kensington
$3.578 Oil City
$3.618 Pittsburgh
$3.499 Sharon
$3.596 Uniontown
$3.759 Warren
$3.575 Washington
Trend Analysis:
Despite dropping demand, the national average for a gallon of gas fell by only a penny since last week. Today’s national average of $3.24 is 18 cents less than a month ago and 17 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand decreased from 8.48 to 8.21 million b/d last week. Meanwhile, total domestic gasoline stocks increased by 1.8 million barrels to 218.2 million barrels. Lower gas demand has contributed to limiting pump price increases amid fluctuating oil prices.
At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $1.45 to settle at $77.86. Oil prices increased due to market concerns that OPEC+ will maintain its production reduction agreement through 2024. A tight oil supply could elevate prices if demand moves higher than expected. Additionally, the EIA reported that total domestic commercial crude inventories increased by 1.6 million barrels to 449.7 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.