Andy Close
Gas prices held steady in Warren this week at $3.899, with the average cost of a gallon last week at $3.987.
AAA East Central said the average price per gallon of gasoline in Bradford was $3.888 on Monday, $3.790 in Brookville, $3.774 in DuBois, and $3.837 in Erie.
Analysts said Monday that gasoline prices are falling, but there hasn’t been much of a break in Northwest Pennsylvania.
Prices in Pennsylvania are 8.6 cents per gallon higher than a month ago and stand 3.7 cents per gallon higher than a year ago. The national average price of diesel has fallen 7.3 cents in the last week and stands at $4.53 per gallon, the lowest level since March 5, 2022, GasBuddy reported. The cheapest station in Pennsylvania was priced at $3.15 per gallon on Sunday while the most expensive was $4.17 per gallon, a difference of $1.02 per gallon.
According to new data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.49 million to 8.43 million b/d last week. The current gas demand rate is approximately 700,000 b/d lower than the rate during the first week of February 2022, helping to explain why gas prices are declining. Meanwhile, total domestic gasoline stocks increased significantly by 5 million barrels to 239.6 million barrels last week.
