Gas Prices Slightly Lower this Week in Western PA

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Gas prices are a penny lower in Western Pennsylvania this week at $3.522 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                $3.522
Average price during the week of December 27, 2021                            $3.530
Average price during the week of January 4, 2021                                 $2.518

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

$3.538      Altoona
$3.550      Beaver
$3.579      Bradford
$3.570      Brookville
$3.438      Butler
$3.517      Clarion
$3.516      DuBois
$3.540      Erie
$3.480      Greensburg
$3.538      Indiana
$3.538      Jeannette
$3.506      Kittanning
$3.524      Latrobe
$3.564      Meadville
$3.584      Mercer
$3.460      New Castle
$3.524      New Kensington
$3.579      Oil City
$3.530      Pittsburgh

$3.481      Sharon
$3.545      Uniontown
$3.580      Warren
$3.519      Washington

Trend Analysis: Gasoline prices barely budged over the past week across the country. Today’s national average of $3.28 is the same as last week, eight cents less than a month ago, and $1.03 more than a year ago.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased slightly by 1.5 million barrels to 222.7 million barrels last week. Gasoline demand increased from 8.99 million b/d to 9.72 million b/d. Growing demand and tight supply would support more significant increases in pump prices, but fluctuations in the price of crude oil have helped to limit price increases.

At the close of yesterday’s formal trading session, West Texas Intermediate increased by 87 cents to settle at $76.08. Despite demand concerns over the omicron variant of COVID-19, crude prices have increased since the EIA reported that total domestic oil stocks decreased by 3.6 million barrels last week to 420 million barrels.

Meanwhile, the pre-Christmas fire at the Exxon Mobil Corp plant in Baytown, Texas, is causing some reduced gasoline output. Recent reporting, however, indicates the damage was to a non-refining section of the complex. The plant is the nation’s fourth-biggest oil refinery, with the capacity to process 560,500 barrels per day of crude.

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