Gas prices are two cents higher in Western Pennsylvania this week at $3.655 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Pennsylvania Average: $3.655
Average price during the week of February 26, 2024: $3.634
Average price during the week of March 6, 2023: $3.767
The average price of unleaded self-serve gasoline in various areas:
$3.683 Altoona
$3.669 Beaver
$3.633 Bradford
$3.669 Brookville
$3.649 Butler
$3.549 Clarion
$3.684 DuBois
$3.638 Erie
$3.678 Greensburg
$3.683 Indiana
$3.666 Jeannette
$3.616 Kittanning
$3.664 Latrobe
$3.672 Meadville
$3.699 Mercer
$3.527 New Castle
$3.636 New Kensington
$3.696 Oil City
$3.644 Pittsburgh
$3.677 Sharon
$3.694 Uniontown
$3.693 Warren
$3.652 Washington
Trend Analysis:
Motorists saw gas prices increase over the final week of February. The national average for a gallon of gas is $3.35, nine cents higher than it was one week ago. Historically, March and April bring higher gas prices as travelers start heading out of town for Spring Break and demand increases. Today’s national average is 24 cents more than a month ago but four cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand increased from 8.2 to 8.47 million barrels per day last week. Meanwhile, total domestic gasoline stocks declined by 2.8 million barrels to 244.2 million barrels. Growing demand amid tighter supply has contributed to the increase in pump prices.
At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by 33 cents to settle at $78.54. Oil prices fell after the EIA’s weekly report showed that total domestic commercial crude stocks increased by 4.2 million barrels to 447.2 million barrels last week. The supply increase could signal that crude demand is loosening, contributing to a reduction in oil prices.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
