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AAA: Gas Prices Continue to Dip in Pennsylvania

Gas prices are four cents lower in Western Pennsylvania this week at $3.690 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.690
Average price during the week of May 15, 2023                                                $3.730
Average price during the week of May 23, 2022                                                $4.700


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

$3.692      Altoona
$3.766      Beaver
$3.713      Bradford
$3.574      Brookville
$3.761      Butler
$3.658      Clarion
$3.522      DuBois
$3.680      Erie
$3.759      Greensburg
$3.737      Indiana
$3.695      Jeannette
$3.749      Kittanning
$3.740      Latrobe
$3.687      Meadville
$3.719      Mercer
$3.564      New Castle
$3.755      New Kensington
$3.693      Oil City
$3.764      Pittsburgh

$3.530      Sharon
$3.694      Uniontown
$3.699      Warren
$3.709      Washington

Trend Analysis: 

As next week’s busy Memorial Day travel weekend approaches, gas prices are relatively stable, increasing a penny over the past week to $3.54 for a gallon of regular unleaded. A decline in demand and the low cost of oil are the main factors. Today’s national average is 13 cents less than a month ago and $1.05 less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand declined from 9.30 to 8.91 million barrels per day last week. The drop has reduced pressure on pump prices. Meanwhile, total domestic gasoline stocks decreased by 1.4 million barrels to 218.3 million barrels.

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $1.97 to settle at $72.83. Oil prices rose amid growing market optimism that global energy demand is rebounding, particularly since China is recovering faster than originally expected following the lifting of its COVID restrictions. Additionally, the EIA reported that total domestic commercial crude inventories increased by 5 million barrels to 467.6 million barrels last week.

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.

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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