Gas prices are three cents lower in Western Pennsylvania this week at $3.462 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.462
Average price during the week of Oct. 28, 2024 $3.495
Average price during the week of Nov. 6, 2023 $3.741
The average price of unleaded self-serve gasoline in various areas:
$3.473 Altoona
$3.441 Beaver
$3.756 Bradford
$3.401 Brookville
$3.396 Butler
$3.377 Clarion
$3.486 DuBois
$3.497 Erie
$3.477 Greensburg
$3.485 Indiana
$3.495 Jeannette
$3.479 Kittanning
$3.467 Latrobe
$3.582 Meadville
$3.436 Mercer
$3.269 New Castle
$3.337 New Kensington
$3.557 Oil City
$3.451 Pittsburgh
$3.272 Sharon
$3.446 Uniontown
$3.758 Warren
$3.292 Washington
Trend Analysis:
The national average for a gallon of gas dipped by three cents over the past week to $3.10. Lower oil costs and tepid domestic gasoline demand are the primary reasons. Today’s national average is eight cents less than a month ago and 32 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.83 million barrels per day last week to 9.15. Meanwhile, total domestic gasoline stocks fell from 213.6 million barrels to 210.9, while gasoline production decreased last week, averaging 9.7 million barrels daily.
At the close of Wednesday’s formal trading session, West Texas Intermediate rose by $1.40 to settle at $68.61 a barrel. The EIA reports that crude oil inventories decreased by 0.5 million barrels from the previous week. At 425.5 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 69 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.