Gas prices are four cents higher in Western Pennsylvania this week at $3.759 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.759
Average price during the week of August 5, 2024 $3.713
Average price during the week of August 14, 2023 $3.893
The average price of unleaded self-serve gasoline in various areas:
$3.652 Altoona
$3.826 Beaver
$3.806 Bradford
$3.593 Brookville
$3.786 Butler
$3.626 Clarion
$3.796 DuBois
$3.765 Erie
$3.783 Greensburg
$3.791 Indiana
$3.795 Jeannette
$3.786 Kittanning
$3.795 Latrobe
$3.787 Meadville
$3.792 Mercer
$3.685 New Castle
$3.732 New Kensington
$3.793 Oil City
$3.769 Pittsburgh
$3.730 Sharon
$3.789 Uniontown
$3.798 Warren
$3.781 Washington
Trend Analysis:
Falling by three cents since last week, the national average for a gallon of gas now stands at $3.44. This is the lowest price for gasoline since the first week of June. Today’s national average is nine cents less than a month ago and 40 cents lower than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand fell from 9.25 million barrels per day to 8.96 last week. Meanwhile, total domestic gasoline stocks rose from 223.8 to 225.1 million barrels. Gasoline production increased last week, averaging 10.0 million barrels per day. Crude oil production hit an all-time high of 13.4 million barrels per day.
At the close of Wednesday’s formal trading session, West Texas Intermediate rose by $2.03 to settle at $75.23 a barrel. The EIA reports that crude oil inventories decreased by 3.7 million barrels from the previous week. At 429.3 million barrels, U.S. crude oil inventories are about 6% 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.
