Gas prices are a penny cheaper in Western Pennsylvania this week at $3.820 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.820
Average price during the week of May 6, 2024 $3.835
Average price during the week of May 15, 2023 $3.730
The average price of unleaded self-serve gasoline in various areas:
$3.818 Altoona
$3.895 Beaver
$3.877 Bradford
$3.684 Brookville
$3.826 Butler
$3.775 Clarion
$3.765 DuBois
$3.841 Erie
$3.704 Greensburg
$3.888 Indiana
$3.851 Jeannette
$3.860 Kittanning
$3.866 Latrobe
$3.865 Meadville
$3.924 Mercer
$3.759 New Castle
$3.656 New Kensington
$3.873 Oil City
$3.835 Pittsburgh
$3.748 Sharon
$3.866 Uniontown
$3.899 Warren
$3.795 Washington
Trend Analysis:
Gas prices continue to trend lower with the national average falling by four cents over the past week to $3.61. Tepid pre-Memorial Day domestic demand and oil costs below $80 a barrel are contributing to lower prices. Today’s national average is two cents less than a month ago but eight cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose modestly from 8.62 million barrels per day to 8.79 last week. Meanwhile, total domestic gasoline stocks increased by nearly 1 million barrels to 228 million barrels.
At the close of Wednesday’s formal trading session, West Texas Intermediate increased by 61 cents to settle at $78.99 a barrel. Prices rose as the EIA reported that crude oil inventories had decreased by 1.4 million barrels from the previous week. At 459.5 million barrels, U.S. crude oil inventories are about 3% 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.
