Gas prices are two cents lower in Western Pennsylvania this week at $3.758 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.758
Average price during the week of July 15, 2024 $3.773
Average price during the week of July 24, 2023 $3.734
The average price of unleaded self-serve gasoline in various areas:
$3.651 Altoona
$3.840 Beaver
$3.899 Bradford
$3.574 Brookville
$3.665 Butler
$3.685 Clarion
$3.702 DuBois
$3.693 Erie
$3.762 Greensburg
$3.790 Indiana
$3.771 Jeannette
$3.852 Kittanning
$3.825 Latrobe
$3.748 Meadville
$3.924 Mercer
$3.711 New Castle
$3.606 New Kensington
$3.838 Oil City
$3.755 Pittsburgh
$3.698 Sharon
$3.807 Uniontown
$3.896 Warren
$3.736 Washington
Trend Analysis:
The national average for a gallon of gas fell two cents to $3.50 since last week. Lower oil costs and lower demand are helping to decrease gas prices. Today’s national average is still five cents more than a month ago but nine cents lower than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand plummeted from 9.39 million barrels per day to 8.78 last week. Meanwhile, total domestic gasoline stocks fell from 231.7 to 229.7 million barrels. Gasoline production took a slight hit, likely from Hurricane Beryl, dropping from an average of 10.3 million barrels daily to 9.5.
At the close of Wednesday’s formal trading session, West Texas Intermediate rose $2.09 to settle at $82.85 a barrel. The EIA reports that crude oil inventories decreased by 4.9 million barrels from the previous week. At 440.2 million barrels, U.S. crude oil inventories are about 5% 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.
