Home Erie News AAA: Gas Prices Continue to Fall in PA

AAA: Gas Prices Continue to Fall in PA

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Photo by GG on Unsplash.

Gas prices are seven cents lower in Western Pennsylvania this week at $4.694 per gallon, according to AAA East Central’s Gas Price Report

Nationwide Trends:
The national average for a gallon of regular is four cents lower this week at $4.49. Even though this week’s average is cheaper than last week, gas prices are still the highest they’ve been in four years. With gasoline demand on the rise and the prolonged closure of the Strait of Hormuz, pump prices are likely to remain elevated as the summer travel season gets underway. Today’s national average is 40 cents more than a month ago and $1.32 more than a year ago.

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.75 million barrels per day to 8.76 million. Total domestic gasoline supply decreased from 215.7 million barrels to 214.2 million. Gasoline production decreased last week, averaging 9.3 million barrels per day.

At the close of Wednesday’s formal trading session, West Texas Intermediate fell $5.89 to settle at $98.26 a barrel. The EIA reports crude oil inventories decreased by 7.9 million barrels from the previous week. At 445 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year.

The national average per kilowatt hour of electricity at a public EV charging station remained the same this past week at 41 cents.

Western Pennsylvania Averages

TodayOne Week AgoOne Year AgoRecord Price DateRecord Price
$4.694$4.760$3.4516/13/2022$5.029

The average price of unleaded self-serve gasoline today in various areas:      

$4.546      Altoona
$4.858      Beaver
$4.665      Bradford
$4.524      Brookville
$4.789      Butler
$4.627      Clarion
$4.553      DuBois
$4.634      Erie
$4.467      Greensburg
$4.775      Indiana
$4.518      Jeannette
$4.852      Kittanning
$4.592      Latrobe
$4.681      Meadville
$4.788      Mercer
$4.856      New Castle
$4.815      New Kensington
$4.899      Oil City
$4.845      Pittsburgh
$4.485      Sharon
$4.764      Uniontown
$4.691      Warren
$4.735      Washington