Gas prices are three cents lower in Western Pennsylvania this week at $3.806 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.806
Average price during the week of February 13, 2023 $3.833
Average price during the week of February 22, 2022 $3.739
The average price of unleaded self-serve gasoline in various areas:
$3.893 Altoona
$3.797 Beaver
$3.869 Bradford
$3.702 Brookville
$3.743 Butler
$3.684 Clarion
$3.759 DuBois
$3.822 Erie
$3.852 Greensburg
$3.834 Indiana
$3.886 Jeannette
$3.813 Kittanning
$3.897 Latrobe
$3.872 Meadville
$3.899 Mercer
$3.712 New Castle
$3.860 New Kensington
**$3.885 Oil City
$3.793 Pittsburgh**
$3.676 Sharon
$3.700 Uniontown
$3.898 Warren
$3.699 Washington
Trend Analysis:
The national average for a gallon of gas dropped this week by six cents to $3.41. Fewer people fueling up, and lower costs for oil, are behind the price dip. Today’s average is 13 cents more than a month ago and seven cents less than a year ago.
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.
At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $1.33 to settle at $78.47. Crude prices rose last week due to persistent market optimism that global oil demand will be stronger than expected.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
AAA East Central is a not-for-profit association with 70 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.
