AAA: Gas Prices Climb in Pennsylvania

AAA: Gas Prices Climb in Pennsylvania
Gas prices are five cents higher in Western Pennsylvania this week at $3.444 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Western Pennsylvania Average                         $3.444
Average price during the week of January 29, 2024                                         $3.393
Average price during the week of February 6, 2023                                         $3.851

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

$3.384      Altoona
$3.460      Beaver
$3.594      Bradford
$3.364      Brookville
$3.489      Butler
$3.335      Clarion
$3.388      DuBois
$3.380      Erie
$3.485      Greensburg
$3.488      Indiana
$3.481      Jeannette
$3.559      Kittanning
$3.482      Latrobe
$3.387      Meadville
$3.419      Mercer
$3.300      New Castle
$3.470      New Kensington
$3.374      Oil City
$3.436      Pittsburgh
$3.426      Sharon
$3.473      Uniontown
$3.599      Warren
$3.437      Washington

Trend Analysis: 

The national average for a gallon of gas rose four cents over the past week to $3.14. The upward trend is a combination of oil costs edging into the upper $70s per barrel and normal seasonal increases as winter eases and demand for gas creeps higher. Today’s national average is six cents more than a month ago but 33 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased from 7.89 to 8.14 million barrels per day last week. Meanwhile, total domestic gasoline stocks rose by 1.1 million barrels to 254.1 million barrels. Higher gas demand and fluctuating oil prices have contributed to increasing pump prices.

At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $1.97 to settle at $75.85. Oil prices declined amid a strengthening dollar and no indications of new attacks in the Red Sea. Earlier in the week, attacks against shippers raised prices as commercial ships transiting the Red Sea sought longer, more expensive routes to avoid violence. Additionally, the EIA reported that total domestic retail crude stocks increased by 1.2 million barrels to 421.9 million barrels.

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.