Falling Supply, Rising Demand Drives Pennsylvania Gas Prices Upward

Pennsylvania, Gas Prices
empty fuel gauge 1

Gas prices in Western Pennsylvania this week jumped four cents this week to an average of $2.515 per gallon, according to AAA East Central’s Gas Price Report. 

Pennsylvania gas prices increased by three cents on the week.  In the Mid-Atlantic and Northeast region, gas stockpiles decreased by 2 million barrels and currently sit 5.6 million barrels below levels this time last year, according to the EIA.

This week’s average prices: Western Pennsylvania Average: $2.515
Average price during the week of July 3, 2017: $2.475
Average price during the week of July 11, 2016: $2.497

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

$2.393      Altoona
$2.538      Beaver
$2.445      Bradford
$2.515      Brookville
$2.519      Butler
$2.492      Clarion
$2.453      Du Bois
$2.541      Erie
$2.554      Greensburg
$2.475      Indiana
$2.589      Jeannette
$2.563      Kittanning
$2.577      Latrobe
$2.544      Meadville
$2.567      Mercer
$2.483      New Castle
$2.550      New Kensington
$2.550      Pittsburgh
$2.333      Sharon
$2.545      Uniontown
$2.542      Warren
$2.552      Washington

On the National Front
For the first time in five weeks, the national average gas price is increasing.  At $2.26, today’s price has been moving higher since July 6 and is three cents more than last week.  The moderate price surge follows a week of solid demand growth and a third straight week of gasoline inventory drawdowns across the country.

Of the states seeing jumps in gas prices, Indiana, Ohio, Michigan and Kentucky top the charts with double-digit increases.  Thirteen states, mostly on the West Coast and in the Rockies, saw prices decrease by pennies.  Across the country, consumers can find gas for $2.25 or less at 58 percent of gas stations.

Last week’s market losses continued into Monday morning, with West Texas Intermediate opening just below $44 per barrel.  Last week’s EIA report showed encouraging trends for the market, revealing increased gasoline demand and a decrease in crude storage levels.  Typically, this would lead the market to believe that increasing gasoline demand is beginning to drain the glut of crude that has kept prices low for most of the year.  However, some new information has indicated that the glut of crude oil may be replenishing at a faster rate than expected, including an increase in U.S. oil rigs and an increase in oil production from Libya and Nigeria.

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 Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.  Past news releases are available at news.eastcentral.aaa.com.  Follow us on Twitter and Facebook.

For More Information, Contact:
Jim Garrity, Public & Community Relations Manager
Desk: 412-365-7274 / Cell: 412-905-9021 / Email: Garrity.James@aaaec.com

-AAA-