AAA: Western PA Gas Prices Decrease as Crude Prices Drop Substantially

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Gas prices in Western Pennsylvania are one cent lower this week at $3.326 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                 $3.326
Average price during the week of August 16, 2021                                  $3.335
Average price during the week of August 24, 2020                                  $2.471

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

$3.292      Altoona
$3.333      Beaver
$3.359      Bradford
$3.352      Brookville
$3.345      Butler
$3.357      Clarion
$3.331      DuBois
$3.340      Erie
$3.305      Greensburg
$3.299      Indiana
$3.280      Jeannette
$3.307      Kittanning
$3.355      Latrobe
$3.344      Meadville
$3.367      Mercer
$3.298      New Castle
$3.283      New Kensington
$3.359      Oil City
$3.335      Pittsburgh

$3.326      Sharon
$3.289      Uniontown
$3.359      Warren
$3.286      Washington

Trend Analysis:

Crude oil prices saw a significant decline of $5 per barrel on the week, down to $62.32 per barrel at Friday’s close. Prices are declining as market concerns grow that crude demand will decline as coronavirus infections increase across the globe. The downward crude price trend could spell good news for motorists.

Crude oil prices saw not only a dramatic drop on the week, but the price per barrel is at the cheapest in three months. If this downward trend continues and less expensive prices are sustained, Americans can expect to see relief at the pump in the near future.

At $3.16, today’s national average is two cents cheaper than last week, but 98 cents more than a year ago and 56 cents more than two years ago. All eyes are now on gasoline demand, which has declined for three straight weeks. The Energy Information Administration’s (EIA) latest reading puts demand at 9.3 million barrels per day. That is a healthy pandemic demand reading, but still about 6% below the same week in August 2019. The softer demand readings have pushed gasoline stock levels over 228 million barrels.

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