AAA: Gas prices drop two cents in PA

JEFFERSON COUNTY, Pa. (EYT) – Gas prices are down two cents in Western Pennsylvania this week at $3.837 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average: $3,837
Average price during the week of May 28, 2024: $3,856
Average price during the week of June 5, 2023: $3,664

Drivers in Jefferson County pay an average of $3,796 per gallon for regular unleaded gasoline. In Clarion County, the standard price is $3,791. The Clearfield County average is $3,761.

The average price of unleaded self-service gasoline in different areas:

$3,791 Altoona
$3,891 Beaver
$3,898 Bradford
$3,761 Brookville
$3,848 Butler
$3,767 Clarion
$3,785 DuBois
$3,848 Erie
$3,797 Greensburg
$3,851 Indiana
$3,823 Jeannette
$3,853 Kittanning
$3,872 Latrobe
$3,864 Meadville
$3,919 Mercer
$3,789 New Castle
$3,809 New Kensington
$3,866 Oil City
$3,838 Pittsburg
$3,781 Sharon
$3,877 Uniontown
$3,897 Warren
$3,836Washington

Trend analysis:

The national average for a gallon of gasoline has fallen six cents since last week to $3.53, the biggest single-week drop yet for 2024. The main reasons are tepid demand and a lower oil price. Meanwhile, the Atlantic hurricane season has begun and forecasters predict it will be very active. It is important to remember that a storm that hits oil production and refining centers on the Gulf Coast could affect gas prices. Today’s national average is 13 cents lower than a month ago and two cents lower than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand fell slightly from 9.31 barrels per day to 9.14 last week. Meanwhile, total domestic gasoline inventories rose from 226.8 to 228.8 million barrels.

At the end of Wednesday’s formal trading session, West Texas Intermediate fell 60 cents to settle at $79.23 a barrel. Prices fell despite the EIA reporting that crude inventories fell by 4.2 million barrels from the previous week. At 454.7 million barrels, U.S. crude inventories are about 4% below the five-year average for this time of year.

Motorists can find current gas prices nationally, statewide and countywide at gasprices.aaa.com.