AAA: Gas Prices Steady in Western PA; National Average Posts Smallest Increase in a Month

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Gas prices are stable in Western Pennsylvania this week at $3.588 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                $3.588
Average price during the week of October 25, 2021                                $3.581
Average price during the week of November 2, 2020                              $2.501

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

$3.555      Altoona
$3.542      Beaver
$3.659      Bradford
$3.626      Brookville
$3.556      Butler
$3.640      Clarion
$3.573      DuBois
$3.636      Erie
$3.524      Greensburg
$3.558      Indiana
$3.564      Jeannette
$3.534      Kittanning
$3.559      Latrobe
$3.648      Meadville
$3.669      Mercer
$3.524      New Castle
$3.553      New Kensington
$3.659      Oil City
$3.550      Pittsburgh

$3.609      Sharon
$3.568      Uniontown
$3.659      Warren
$3.554      Washington

Trend Analysis:

The national average price for a gallon of gas is higher at $3.40, but the two-cent rise over last week is the smallest weekly increase in a month. There has been a slight decline in domestic demand for gasoline, which signals the seasonal post-Labor Day price drop may have been delayed this year. The drop in demand has helped slow price increases, but elevated crude prices continue to put upward market pressure on pump prices, which will likely keep rising as long as oil prices are above $80 per barrel.

At the close of Friday’s formal trading session, West Texas Intermediate increased by 76 cents to settle at $83.57. Crude prices gained on the day due to market expectations that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, will maintain production cuts during their meeting this week. However, crude prices took a slight step back on the week after EIA reported that total domestic crude supply increased by 4.3 million barrels to 430.8 million barrels.

Today’s national average of $3.40 is 21 cents more than a month ago, $1.27 more than a year ago, and 79 cents more than in 2019.

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