AAA: Gas Prices Dip in PA

Gas prices are two cents lower in Western Pennsylvania this week at $3.927 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $3.927
Average price during the week of September 25, 2023                                     $3.941
Average price during the week of October 3, 2022                                            $3.880

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

$3.953      Altoona
$3.921      Beaver
$3.822      Bradford
$3.822      Brookville
$3.952      Butler
$3.917      Clarion
$3.925      DuBois
$3.958      Erie
$3.904      Greensburg
$3.983      Indiana
$3.955      Jeannette
$3.945      Kittanning
$3.955      Latrobe
$3.903      Meadville
$3.999      Mercer
$3.838      New Castle
$3.934      New Kensington
$3.994      Oil City
$3.919      Pittsburgh
$3.892      Sharon
$3.928      Uniontown
$3.998      Warren
$3.909      Washington

Trend Analysis: 

As demand moderates and fewer drivers are visiting the pump, the national average for a gallon of gas fell three cents since last week to reach $3.81. Today’s national average is the same as a month ago and two cents higher than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.41 to 8.62 million barrels per day last week; however, it is below last year’s rate of 8.83 million barrels per day during the same week in September 2022. Meanwhile, total domestic gasoline stocks increased by 1 million barrels to 220.5 million barrels. Growing supply, amid tepid demand, has pushed prices lower. Still, fluctuating oil prices have limited seasonal price decreases typically seen as the country settles into the lower-demand fall driving season. 

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $3.29 to settle at $93.71. Oil prices rose sharply after the EIA reported that total commercial crude stocks decreased by 2.2 million barrels to 416.3 million barrels last week. The market is concerned that tight supply may not be robust enough to meet demand for the remainder of 2023. 

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.