AAA: Gas Prices Dip in Pennsylvania

Gas prices are a penny cheaper in Western Pennsylvania this week at $3.393 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.393
Average price during the week of January 22, 2024                                         $3.401
Average price during the week of January 30, 2023                                         $3.865

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

$3.269      Altoona
$3.463      Beaver
$3.587      Bradford
$3.198      Brookville
$3.494      Butler
$3.340      Clarion
$3.214      DuBois
$3.239      Erie
$3.481      Greensburg
$3.483      Indiana
$3.484      Jeannette
$3.594      Kittanning
$3.490      Latrobe
$3.190      Meadville
$3.349      Mercer
$3.111      New Castle
$3.450      New Kensington
$3.399      Oil City
$3.440      Pittsburgh
$3.279      Sharon
$3.456      Uniontown
$3.599      Warren
$3.434      Washington

Trend Analysis: 

After remaining relatively stable over the first few weeks of the new year, the national average for gas edged higher by three cents this past week to $3.10. Even though demand is lower, slightly higher oil costs are causing gas prices to increase. Today’s national average is two cents less than a month ago and 40 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand dipped from 8.27 to 7.89 million barrels per day last week. Meanwhile, total domestic gasoline stocks increased by 4.9 million barrels to 253 million barrels. Due to fluctuating oil prices, lower gas demand, and rising stocks, pump price increases have been limited. 

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by 72 cents to settle at $75.09. Oil prices rose after the EIA reported that total domestic commercial crude stocks decreased significantly by 9.2 million barrels to 420.7 million barrels.

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.