Gas prices are nine cents higher in Western Pennsylvania this week at $3.734 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average $3.734
Average price during the week of July 17, 2023 $3.643
Average price during the week of July 25, 2022 $4.591
The average price of unleaded self-serve gasoline in various areas:
$3.754 Altoona
$3.730 Beaver
$3.752 Bradford
$3.719 Brookville
$3.753 Butler
$3.726 Clarion
$3.752 DuBois
$3.737 Erie
$3.740 Greensburg
$3.742 Indiana
$3.715 Jeannette
$3.708 Kittanning
$3.754 Latrobe
$3.746 Meadville
$3.763 Mercer
$3.662 New Castle
$3.725 New Kensington
**$3.757 Oil City
$3.731 Pittsburgh**
$3.731 Sharon
$3.732 Uniontown
$3.753 Warren
$3.722 Washington
Trend Analysis:
Despite continued lower-than-normal demand for gasoline, the national average price for gasoline is three cents higher this week at $3.59. The primary culprit is a higher oil price, which has recently increased to the mid-$70s per barrel.
According to the latest data from the Energy Information Administration (EIA), gas demand increased slightly from 8.76 to 8.86 million b/d for the week ending July 14. Meanwhile, total domestic gasoline stocks fell from 219.5 to 218.4 million barrels.
At the close of last Wednesday’s formal trading session, West Texas Intermediate decreased by 40 cents to settle at $75.35. Oil prices slid last week in response to market concerns that crude demand may soften in the months ahead. Due to extended repair timelines at refineries, lower refinery oil usage rates could influence how much oil prices decline.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
AAA East Central is a not-for-profit association with 69 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.
