AAA: Gas Prices Dip in PA

This week’s average prices: Western Pennsylvania Average                          $3.893
Average price during the week of August 7, 2023                                             $3.909
Average price during the week of August 15, 2022                                           $4.317

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

$3.991      Altoona
$3.788      Beaver
$3.770      Bradford
$3.932      Brookville
$3.919      Butler
$3.960      Clarion
$3.978      DuBois
$3.971      Erie
$3.885      Greensburg
$3.893      Indiana
$3.895      Jeannette
$3.911      Kittanning
$3.924      Latrobe
$3.931      Meadville
$3.999      Mercer
$3.747      New Castle
$3.873      New Kensington
$3.995      Oil City
$3.857      Pittsburgh
$3.610      Sharon
$3.846      Uniontown
$3.999      Warren
$3.870      Washington

Trend Analysis: 

The national average for a gallon of gas is up three cents over the past week and is now at $3.85. This latest price increase comes after an uptick in gas demand and crude oil prices staying above $80 per barrel. Today’s national average is 29 cents more than a month ago but 10 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand jumped from 8.84 to 9.30 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased from 219.1 to 216.4 million barrels. Higher demand, amid tighter supply, has helped to keep pump prices elevated.

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $1.48 to settle at $84.40. The price of oil has not been this high since mid-April 2023. Prices have increased amid market optimism that oil demand will be more robust than expected during this half of 2023 and into 2024. Additionally, the EIA reported that total domestic commercial crude inventories increased from 439.8 to 445.6 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.