Andy Close
CLARION CO., Pa. — Gas prices are four cents lower in Western Pennsylvania this week at $3.807 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average: $3.807
Average price during the week of October 16, 2023: $3.845
Average price during the week of October 24, 2022: $3.963
Drivers in Warren are paying $3.832 per gallon, while Forest County drivers are paying an average of $3.872 a gallon.
The average price of unleaded self-serve gasoline in various areas:
$3.773 Altoona
$3.845 Beaver
$3.765 Bradford
$3.760 Brookville
$3.872 Butler
$3.853 Clarion
$3.854 DuBois
$3.815 Erie
$3.782 Greensburg
$3.801 Indiana
$3.863 Jeannette
$3.862 Kittanning
$3.796 Latrobe
$3.647 Meadville
$3.899 Mercer
$3.593 New Castle
$3.855 New Kensington
$3.859 Oil City
$3.817 Pittsburgh
$3.808 Sharon
$3.838 Uniontown
$3.832 Warren
$3.785 Washington
Trend Analysis:
Despite global tensions causing ripples through the oil market, the national average for a gallon of gas is maintaining its annual autumn dip, falling six cents since last week to $3.54. Today’s national average is 31 cents less than a month ago and 25 cents less than a year ago.
According to the most recent data from the Energy Information Administration (EIA), gas demand increased from 8.58 to 8.94 million b/d last week. On the other hand, total domestic gasoline stocks decreased by 2.4 million barrels to 223.3 million barrels.
Although higher demand and tightening supply typically increase pump prices, stabilized oil prices have had the opposite effect. At the close of last Wednesday’s formal trading session, West Texas Intermediate remained unchanged at $86.66. Earlier in the week, the price of oil rose due to concerns that the Israel-Hamas war could lead to reduced oil output from countries in the region, but those concerns have subsided for now.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
