AAA: Gas Prices Continue to Dip in Western PA

Gas prices are a penny lower in Western Pennsylvania this week at $3.623 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.623
Average price during the week of July 3, 2023                                                  $3.637
Average price during the week of July 11, 2022                                                $4.828

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

$3.692      Altoona
$3.716      Beaver
$3.697      Bradford
$3.436      Brookville
$3.673      Butler
$3.656      Clarion
$3.446      DuBois
$3.658      Erie
$3.658      Greensburg
$3.694      Indiana
$3.587      Jeannette
$3.682      Kittanning
$3.655      Latrobe
$3.651      Meadville
$3.694      Mercer
$3.454      New Castle
$3.672      New Kensington
$3.699      Oil City
$3.678      Pittsburgh
$3.426      Sharon
$3.556      Uniontown
$3.698      Warren
$3.540      Washington

Trend Analysis: 

Pump prices barely budged over the past week, despite the expected demand surge due to the July 4^th holiday. AAA predicted that more than 43 million people would hit the road to celebrate the nation’s birthday. Despite the record number, the national average for a gallon of gas is just a penny higher since last week at $3.54. Today’s national average is four cents lower than a month ago and $1.14 less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.31 to 9.6 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by 2.5 million barrels to 219.5 million barrels.  

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $2 to settle at $71.79. Oil prices have increased due to market concerns that supply may be tight through the remainder of 2023. However, price increases have been capped due to ongoing market fears that a recession will occur. Additionally, the EIA reported that total domestic commercial crude inventories decreased by 1.5 million barrels to 452.2 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 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.