AAA: Gas Prices Dip in PA; Prices Down Nationwide as Crude Prices, Demand Decreases

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Gas prices are one cent lower in Western Pennsylvania this week at $3.562 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                $3.562
Average price during the week of November 29, 2021                            $3.573
Average price during the week of December 7, 2020                              $2.555

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

$3.598      Altoona
$3.559      Beaver
$3.603      Bradford
$3.552      Brookville
$3.560      Butler
$3.539      Clarion
$3.569      DuBois
$3.576      Erie
$3.507      Greensburg
$3.564      Indiana
$3.565      Jeannette
$3.526      Kittanning
$3.557      Latrobe
$3.585      Meadville
$3.599      Mercer
$3.524      New Castle
$3.556      New Kensington
$3.599      Oil City
$3.548      Pittsburgh

$3.499      Sharon
$3.583      Uniontown
$3.597      Warren
$3.559      Washington

Trend Analysis: The national average for a gallon of gas dipped 4 cents on the week to $3.35. Pump prices continue to decrease Nationwide as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel range, which hasn’t been seen since August.

Also helping to ease oil prices was the decision by OPEC and its oil-producing allies not to cut production. On December 2, OPEC+ announced it would stick to its plan, for now, to raise production by 400,000 b/d in January.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks increased by more than 4 million barrels to 215,422 million barrels last week. Meanwhile, gasoline demand dipped from 9.3 million b/d to 8.8 million b/d. The slight decrease in demand also contributed to dipping prices.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.