Gas prices in Western Pennsylvania are stable this week at $3.321 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.321
Average price during the week of August 30, 2021 $3.323
Average price during the week of September 8, 2020 $2.569
The average price of unleaded self-serve gasoline in various areas:
$3.276 New Castle
$3.273 New Kensington
$3.359 Oil City
Following Labor Day weekend and the remnants of Hurricane Ida, the national gas price average has stabilized at $3.18, which is just 3 cents more expensive on the week. The storm took about 13% of U.S. refinery capacity offline and while there are no firm re-start dates, refineries are expected to be back online this month. For now, the downed production could put pressure on crude supplies and prices as the recovery and restoration process unfolds in the region.
Gasoline stock levels are currently at 227.2 million barrels, which is a healthy level. However, stock levels could tighten until refineries resume normal operations. Typically, a limitation on stocks would mean higher gas prices, but with demand expected to decrease going into the fall, price fluctuation should be minimal. Today’s national average is the same as last month, but 96 cents more than a year ago.
Historically, gas demand starts to decline in the fall as schools reopen and summer road trips end, which leads to less expensive gas prices. Despite the dip in demand, the national average may remain above $3 per gallon especially as crude oil continues to price on the higher end.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.