AAA: Gas Prices Continue to Drop in Pennsylvania

Gas prices are a penny cheaper in Western Pennsylvania this week at $3.372 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Western Pennsylvania Average                          $3.372
Average price during the week of January 8, 2024                                           $3.386
Average price during the week of January 17, 2023                                         $3.743

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

$3.160      Altoona
$3.439      Beaver
$3.622      Bradford
$3.191      Brookville
$3.435      Butler
$3.357      Clarion
$3.233      DuBois
$3.249      Erie
$3.456      Greensburg
$3.436      Indiana
$3.430      Jeannette
$3.619      Kittanning
$3.441      Latrobe
$3.255      Meadville
$3.363      Mercer
$3.056      New Castle
$3.443      New Kensington
$3.399      Oil City
$3.411      Pittsburgh
$3.199      Sharon
$3.417      Uniontown
$3.599      Warren
$3.336      Washington

Trend Analysis: 

The national average for a gallon of gas has remained steady over the past week at $3.07. The primary reasons are lower oil costs and only modest growth in gasoline demand. Today’s national average is the same as a month ago and 23 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased from 7.95 to 8.33 million barrels per day last week. Meanwhile, total domestic gasoline stocks increased significantly by 8 million barrels to 245 million barrels. The slight uptick in demand has limited pump price drops, causing the national average to stagnate.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by 87 cents to settle at $71.37. Oil prices eased after the EIA reported that total domestic commercial crude stocks increased by 1.3 million barrels to 432.4 million barrels. Rising stocks signal that demand could be softening, helping to push prices down as the nation settles into winter.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 70 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.