Gas prices are a penny cheaper in Western Pennsylvania this week at $3.815 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.815
Average price during the week of May 13, 2024 $3.820
Average price during the week of May 22, 2023 $3.694
The average price of unleaded self-serve gasoline in various areas:
$3.778 Altoona
$3.888 Beaver
$3.897 Bradford
$3.700 Brookville
$3.826 Butler
$3.772 Clarion
$3.793 DuBois
$3.829 Erie
$3.683 Greensburg
$3.893 Indiana
$3.819 Jeannette
$3.857 Kittanning
$3.804 Latrobe
$3.868 Meadville
$3.937 Mercer
$3.766 New Castle
$3.645 New Kensington
$3.879 Oil City
$3.824 Pittsburgh
$3.739 Sharon
$3.860 Uniontown
$3.899 Warren
$3.789 Washington
Trend Analysis:
The national average for a gallon of gasoline continues to trend downward, falling two cents over the past week to $3.59. The primary reasons are weak domestic demand and oil costs below $80 a barrel. Today’s national average is eight cents less than a month ago but five cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose modestly from 8.79 million barrels per day to 8.87 last week. Meanwhile, total domestic gasoline stocks decreased slightly from 228 to 227.8 million barrels. Lackluster pre-Memorial Day demand and steady or falling oil prices are contributing to lower pump prices.
At the close of Wednesday’s formal trading session, West Texas Intermediate increased by 61 cents to settle at $78.87 a barrel. Prices rose as the EIA reported that crude oil inventories had decreased by 2.5 million barrels from the previous week. At 457.0 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.
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.
