Western PA Gas Prices Fall but still higher than National Average

Pennsylvania, Gas Prices
Sunrise at gas station by Don DeBold
Photo by Don DeBold https://www.flickr.com/photos/ddebold/ https://creativecommons.org/licenses/by/4.0/

Gas prices in Western Pennsylvania fell by four cents this week to $2.644 per gallon, according to AAA East Central’s Gas Price Report.

On the National Front
Today’s national average is $2.34/gallon. This price is a penny cheaper than one week ago, seven cents less than a month ago, but +12 cents more than a year ago. The latest Energy Information Association (EIA) report shows that gasoline demand increased by 252,000 barrels on the week. Despite the jump in demand, the continued oversupply of gasoline caused prices in most parts of the country to drop or remain steady with the exception of some states in the Great Lakes and Central regions, where prices increased by a penny or more.

In coming weeks, the onset of summer travel is likely to increase demand which might help dip into high gasoline stocks; however, it may not be enough demand to increase prices significantly.

Mid-Atlantic and Northeast states continued to see prices at the pump decline, notably Delaware (-5 cents), North Carolina (-4 cents) and Pennsylvania (-4 cents). Even with the price drop, Pennsylvania held its spot on the country’s top 10 list of most expensive markets along with Washington, D.C. ($2.51) and New York ($2.50).

On Monday morning, U.S. petroleum futures were just below $50 per barrel. Prices rallied after officials from Russia and Saudi Arabia announced that they plan to extend production cuts into March 2018. This news comes after OPEC released its May report, which warns that the global oil market will not rebalance by the end of the year unless there is a collective effort from all oil producers to increase market stability.                               

Last week, U.S. drillers added an additional nine oilrigs, bringing the total U.S rig count to 712 and marking 17 weeks of growth. The expected result of OPEC’s actions is far from certain. Until it is, drivers may continue to benefit at the pump – even during the typically more expensive summer driving season.
This week’s average prices: Western Pennsylvania Average          $2.644
Average price during the week of May 8, 2017                                   $2.686
Average price during the week of May 16, 2016                                 $2.418

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

$2.648      Altoona

$2.702      Beaver

$2.593      Bradford

$2.691      Brookville

$2.627      Butler

$2.662      Clarion

$2.511      Du Bois

$2.627      Erie

$2.683      Greensburg

$2.657      Indiana

$2.719      Jeannette

$2.659      Kittanning

$2.671      Latrobe

$2.646      Meadville

$2.682      Mercer

$2.576      New Castle

$2.680      New Kensington

$2.681      Pittsburgh

$2.486      Sharon

$2.674      Uniontown

$2.664      Warren

$2.633      Washington


Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

AAA East Central is a not-for-profit association with 81 local offices in Ohio, Pennsylvania, West Virginia, New York and Kentucky serving more than 2.7 million members.

For More Information Contact Herman Jenkins, Public Affairs Director
at 412-365-7278 or
Jenkins.Herman@aaaec.com

-AAA-