Home Erie News AAA: National Average Hits $4 Again

AAA: National Average Hits $4 Again

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Photo by GG on Unsplash.

Gas prices are 25 cents higher in Western Pennsylvania this week at $4.260 per gallon, according to AAA East Central’s Gas Price Report.

The national average for a gallon of regular gasoline has gone up 13 cents over the past week and is now at $4.00 per gallon. Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices over $80 per barrel. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it was $4.02. Today’s national average is five cents more than a month ago but 86 cents more than a year ago.

According to new data from the Energy Information Administration (EIA), gasoline demand remained flat last week at 8.84 million. Total domestic gasoline supply decreased from 212.1 million barrels to 210.5 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.

At the close of Wednesday’s formal trading session, West Texas Intermediate rose 26 cents to settle at $79.60 a barrel. The EIA reports that crude oil inventories decreased by 1.7 million barrels from the previous week. At 409.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 42 cents.

Western Pennsylvania Averages

TodayOne Week AgoOne Year AgoRecord Price DateRecord Price
$4.260$4.013$3.3596/13/2022$5.029

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

$4.270      Altoona
$4.240      Beaver
$4.198      Bradford
$4.140      Brookville
$4.312      Butler
$4.202      Clarion
$4.201      DuBois
$4.254      Erie
$4.264      Greensburg
$4.204      Indiana
$4.299      Jeannette
$4.244      Kittanning
$4.295      Latrobe
$4.285      Meadville
$4.299      Mercer
$4.229      New Castle
$4.251      New Kensington
$4.294      Oil City
$4.289      Pittsburgh
$4.159      Sharon
$4.453      Uniontown
$4.335      Warren
$4.257      Washington