Press Releases

AAA: Gas Prices Dip in PA Ahead of July 4th Holiday

Gas prices are a penny cheaper in Western Pennsylvania this week at $3.764 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Western Pennsylvania Average                         $3.764
Average price during the week of June 24, 2024                                              $3.778
Average price during the week of July 3, 2023                                                 $3.637


The average price of unleaded self-serve gasoline in various areas:      

$3.638      Altoona
$3.864      Beaver
$3.894      Bradford
$3.598      Brookville
$3.709      Butler
$3.686      Clarion
$3.677      DuBois
$3.744      Erie
$3.689      Greensburg
$3.672      Indiana
$3.803      Jeannette
$3.845      Kittanning
$3.858      Latrobe
$3.758      Meadville
$3.926      Mercer
$3.723      New Castle
$3.645      New Kensington
$3.868      Oil City
$3.765      Pittsburgh

$3.697      Sharon
$3.842      Uniontown
$3.899      Warren
$3.765      Washington

Trend Analysis:
After remaining steady for three weeks, the national average increased a nickel over the past week to $3.49. The move came as the cost of oil crossed the $80 per barrel mark, putting upward pressure on pump prices. Because oil costs account for about 54% of the cost of a gallon of gas, more expensive oil usually leads to more expensive gas.

Summer gasoline demand has been lower than last year, but with a record 60 million travelers forecast to hit the road for the July 4th holiday, demand may increase over the next ten days. Today’s national average is five cents less than a month ago and four cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand fell from 9.38 million barrels per day to 8.96 million last week. This demand level is about 240,000 barrels per day below the same week of last year. Meanwhile, total domestic gasoline stocks rose from 231.2 to 233.9 million barrels.

At the close of Wednesday’s formal trading session, West Texas Intermediate rose seven cents to $80.90 a barrel, up from $78.50 two weeks earlier. The EIA reports that crude oil inventories increased by 3.6 million barrels from the previous week. At 460.7 million barrels, U.S. crude oil inventories are just 2% 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.

Ben

I am the owner of Cerebral-overload.com and the Verizon Wireless Reviewer for Techburgh.com. My love of gadgets came from his lack of a Nintendo Game Boy when he was a child . I vowed from that day on to get his hands on as many tech products as possible. My approach to a review is to make it informative for the technofile while still making it understandable to everyone. Ben is a new voice in the tech industry and is looking to make a mark wherever he goes. When not reviewing products, I is also a 911 Telecommunicator just outside of Pittsburgh PA. Twitter: @gizmoboaks

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