Gas prices are two cents lower in Western Pennsylvania this week at $3.837 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.837
Average price during the week of May 28, 2024 $3.856
Average price during the week of June 5, 2023 $3.664
The average price of unleaded self-serve gasoline in various areas:
$3.791 Altoona
$3.891 Beaver
$3.898 Bradford
$3.761 Brookville
$3.848 Butler
$3.767 Clarion
$3.785 DuBois
$3.848 Erie
$3.797 Greensburg
$3.851 Indiana
$3.823 Jeannette
$3.853 Kittanning
$3.872 Latrobe
$3.864 Meadville
$3.919 Mercer
$3.789 New Castle
$3.809 New Kensington
$3.866 Oil City
$3.838 Pittsburgh
$3.781 Sharon
$3.877 Uniontown
$3.897 Warren
$3.836 Washington
Trend Analysis:
The national average for a gallon of gasoline has fallen six cents since last week to $3.53, the largest one-week drop thus far for 2024. The primary reasons are tepid demand and a lower oil price. Meanwhile, the Atlantic Hurricane season has begun, and forecasters are predicting it will be very active. It’s important to remember that a storm impacting the Gulf Cost oil production and refining centers could affect gas prices. Today’s national average is 13 cents lower than a month ago and two cents lower than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand fell slightly from 9.31 barrels per day to 9.14 last week. Meanwhile, total domestic gasoline stocks rose from 226.8 to 228.8 million barrels.
At the close of Wednesday’s formal trading session, West Texas Intermediate declined by 60 cents to settle at $79.23 a barrel. Prices fell despite the EIA reporting that crude oil inventories decreased by 4.2 million barrels from the previous week. At 454.7 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.
