Andy Close
Gas prices are four cents higher in Western Pennsylvania this week at $3.909 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average: $3.909
Average price during the week of July 31, 2023: $3.863
Average price during the week of August 8, 2022: $4.435
Warren County drivers are paying an average of $3.999 a gallon for regular unleaded gasoline. In, Forest County drivers are paying an average of $3.964 a gallon.
Only Oil City, at $4.001 per gallon, has a higher price per gallon in the region.
The average price of unleaded self-serve gasoline in various areas:
$3.987 Altoona
$3.816 Beaver
$3.905 Bradford
$3.944 Brookville
$3.898 Butler
$3.939 Clarion
$3.977 DuBois
$3.972 Erie
$3.903 Greensburg
$3.891 Indiana
$3.911 Jeannette
$3.883 Kittanning
$3.920 Latrobe
$3.967 Meadville
$3.997 Mercer
$3.795 New Castle
$3.871 New Kensington
$4.001 Oil City
$3.852 Pittsburgh
$3.754 Sharon
$3.878 Uniontown
$3.999 Warren
$3.852 Washington
Trend Analysis:
The national average for a gallon of gas is continuing to trend higher, rising seven cents over the last week to $3.82. Pump price increases are primarily due to the price of oil, which has been staying close to $80 per barrel. Last month’s extreme heat also played a role in the recent gas price spike as some refineries pulled back on production, but operations are now returning to normal. Today’s national average is 29 cents more than a month ago but 24 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand decreased slightly from 8.94 to 8.84 million barrels per day last week. Meanwhile, total domestic gasoline stocks increased by 1.5 million barrels to 219.1 million barrels.
At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $1.88 to settle at $79.49. Oil prices temporarily dropped after the U.S. credit rating declined, increasing market fears that oil demand could decline if the economy eases. Additionally, the EIA reported that total domestic, commercial crude inventories decreased by 17 million barrels to 439.8 million barrels.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
