Gas prices are two cents lower in Western Pennsylvania this week at $3.817 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.817
Average price during the week of June 3, 2024 $3.837
Average price during the week of June 12, 2023 $3.652
The average price of unleaded self-serve gasoline in various areas:
$3.667 Altoona
$3.889 Beaver
$3.892 Bradford
$3.765 Brookville
$3.827 Butler
$3.766 Clarion
$3.778 DuBois
$3.823 Erie
$3.720 Greensburg
$3.767 Indiana
$3.825 Jeannette
$3.846 Kittanning
$3.871 Latrobe
$3.847 Meadville
$3.928 Mercer
$3.779 New Castle
$3.743 New Kensington
$3.867 Oil City
$3.819 Pittsburgh
$3.776 Sharon
$3.869 Uniontown
$3.898 Warren
$3.831 Washington
Trend Analysis:
As the summer vacation season gets underway, gasoline prices continue their downward trend, falling nine cents since last week to $3.44. It marks the largest weekly drop of the year. Tepid gasoline demand, increasing supply and lower oil costs are contributing to the drop in gas prices. Today’s national average is 19 cents less than a month ago and 18 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand dipped from 9.14 barrels per day to 8.94 last week. Meanwhile, total domestic gasoline stocks jumped from 228.8 to 230.9 million barrels.
At the close of Wednesday’s formal trading session, West Texas Intermediate rose by 82 cents to settle at $74.07 a barrel. Last Thursday, the price was $77.91. The EIA reports that crude oil inventories increased by 1.2 million barrels from the previous week. At 455.9 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.
