Gas Prices Stable in Western PA; National Demand Increases

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Gas prices are steady in Western Pennsylvania this week at $3.583 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                $3.583
Average price during the week of November 1, 2021                              $3.588
Average price during the week of November 9, 2020                              $2.482

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

$3.558      Altoona
$3.556      Beaver
$3.659      Bradford
$3.551      Brookville
$3.564      Butler
$3.641      Clarion
$3.568      DuBois
$3.629      Erie
$3.527      Greensburg
$3.559      Indiana
$3.563      Jeannette
$3.533      Kittanning
$3.558      Latrobe
$3.653      Meadville
$3.665      Mercer
$3.531      New Castle
$3.556      New Kensington
$3.659      Oil City
$3.552      Pittsburgh

$3.559      Sharon
$3.563      Uniontown
$3.659      Warren
$3.557      Washington

Trend Analysis:

The price at the pump continued its slow climb, rising two cents on the week, with the national average for a gallon of gas hitting $3.42. This is the highest price since September 2014.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 1.5 million barrels to 214.2 million barrels last week. However, gasoline demand rose from 9.32 million barrels per day to 9.5 million barrels per day. The slight increase in demand has contributed to price increases, while elevated crude prices continue to put upward market pressure on pump prices.

At the close of Friday’s formal trading session, West Texas Intermediate increased by $2.46 to settle at $81.27. Although crude prices gained for the day due to a weakening dollar, crude prices mostly declined last week after EIA reported that total domestic crude supply increased by 3.3 million barrels to 434.1 million barrels last week. However, according to EIA’s data, the current storage level is approximately 10.4 percent lower than the same time the previous year. A tighter oil supply has helped to keep crude prices above $80 per barrel.

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