AAA: Modest Decrease at the Pump in Western Pennsylvania This Week

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The average price of gasoline across Western Pennsylvania is a penny lower this week at $2.722 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                    $2.722
Average price during the week of January 25, 2021                                  $2.735
Average price during the week of February 3, 2020                                  $2.710

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

$2.788      Altoona
$2.762      Beaver
$2.795      Bradford
$2.795      Brookville
$2.754      Butler
$2.688      Clarion
$2.665      DuBois
$2.760      Erie
$2.569      Greensburg
$2.799      Indiana
$2.614      Jeannette
$2.788      Kittanning
$2.406      Latrobe
$2.783      Meadville
$2.799      Mercer
$2.540      New Castle
$2.771      New Kensington
$2.799      Oil City
$2.741      Pittsburgh

$2.799      Sharon
$2.750      Uniontown
$2.799      Warren
$2.639      Washington

Trend Analysis:
At $2.42, the national average is a nickel cheaper than a year ago. While Americans have gotten used to cheaper year-over-year prices at the pump, the trend is showing signs of reversal. Ten states are already carrying more expensive gas prices compared to a year ago, including: Delaware (+23 cents), Maryland (+9 cents), Iowa (+6 cents) and Indiana (+6 cents). However, nearly 12 states still have gas price averages that are as much as 38 cents a gallon less than this time last year.

The national average increased by two cents this week, despite a drop in gasoline demand and refinery utilization. According to the latest Energy Information Administration (EIA) measurements, demand declined from 8.11 million b/d to 7.83 million b/d and total refinery utilization decreased from 82.5 percent to 81.7 percent over last week. These decreases led to an increase in gasoline supply of 2.4 million barrels.

Typically, these factors (decrease in demand, increase in supply) drive a decrease at the pump, but sustained crude oil prices are pushing the increase. For three weeks, crude continues to price between $52–$53/bbl, steady price points not seen since mid-February 2020. Gas prices could continue to increase as crude oil prices remain at these price points.

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