AAA: Western PA Gas Prices Stable; National Average on the Rise

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AAA: Western PA Gas Prices Stable; National Average on the Rise
Gas prices in Western Pennsylvania remain steady this week at $3.246 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                 $3.246
Average price during the week of June 21, 2021                                      $3.248
Average price during the week of June 29, 2020                                      $2.479

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

$3.155      Altoona
$3.256      Beaver
$3.259      Bradford
$3.275      Brookville
$3.230      Butler
$3.262      Clarion
$3.208      DuBois
$3.254      Erie
$3.241      Greensburg
$3.259      Indiana
$3.259      Jeannette
$3.256      Kittanning
$3.258      Latrobe
$3.248      Meadville
$3.268      Mercer
$3.221      New Castle
$3.256      New Kensington
$3.259      Oil City
$3.247      Pittsburgh

$3.236      Sharon
$3.288      Uniontown
$3.259      Warren
$3.205      Washington

Trend Analysis: At $3.09, the national gas price average is at its highest of the year and could increase, possibly as much as another nickel, in the lead up to the Independence Day holiday weekend. While it is typical to see gas prices increase ahead of a holiday, especially during the peak summer driving season, pump price increases as of late have been noticeable.

Today, 89% of U.S. gas stations are selling regular unleaded for $2.75 or more. That is a stark increase over last July 4 when only a quarter of stations were selling gas for more than $2.25. Road trippers will pay the most to fill up for the holiday since 2014.

 

Independence Day Holiday Weekend

Gas Price Average

July 2 – 6, 2014

$3.66

July 1 – 5, 2015

$2.76

June 30 – July 4, 2016

$2.27

June 30 – July 4, 2017

$2.23

July 3 – 8, 2018

$2.86

July 3 – 7, 2019

$2.75

July 1 – 5, 2020

$2.17

June 28, 2021

$3.09

Crude oil, and in turn gas prices, are more expensive compared to years past mostly due to three major factors: confidence in worldwide vaccination rollout, global oil demand spikes, and the easing of travel restrictions leading to optimism for leisure travel. Last week, crude oil sold at $74 per barrel, the highest price in nearly three years.

Today’s national average is more expensive on the week (+2 cents), the month (+5 cents) and the year (+92 cents). The latest weekly increase follows the latest data from the Energy Information Administration, which showed that gas demand increased from 9.36 million barrels per day to 9.44 million barrels per day, while total domestic gas stocks decreased by 3 million barrels to 240 million barrels.

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