Gas prices are three cents lower in Western Pennsylvania this week at $3.700 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.700
Average price during the week of August 19, 2024 $3.737
Average price during the week of August 28, 2023 $3.861
The average price of unleaded self-serve gasoline in various areas:
$3.475 Altoona
$3.813 Beaver
$3.808 Bradford
$3.550 Brookville
$3.681 Butler
$3.590 Clarion
$3.728 DuBois
$3.692 Erie
$3.740 Greensburg
$3.743 Indiana
$3.738 Jeannette
$3.750 Kittanning
$3.744 Latrobe
$3.701 Meadville
$3.770 Mercer
$3.639 New Castle
$3.623 New Kensington
$3.717 Oil City
$3.722 Pittsburgh
$3.673 Sharon
$3.730 Uniontown
$3.799 Warren
$3.673 Washington
Trend Analysis:
The national average for a gallon of gas fell six cents over the past week to $3.35 – a price point not seen since early March. Lower crude prices are contributing to the drop in gas prices. Today’s national average is 16 cents less than a month ago and 47 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand increased last week from 9.04 million barrels per day to 9.19. Meanwhile, total domestic gasoline stocks fell from 222.2 to 220.6 million barrels, but gasoline production increased, averaging 9.8 million barrels daily.
At the close of Wednesday’s formal trading session, West Texas Intermediate fell by $1.24 to settle at $71.93 a barrel. The EIA reports that crude oil inventories decreased by 4.6 million barrels from the previous week. At 426.0 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.
