Western Pennsylvania Gas Prices Rise as Supply Drops

Pennsylvania, Gas Prices
Pump Jack by Bureau of Land ManagementPNG
Photo by US Bureau of Land Management https://www.flickr.com/photos/mypubliclands/ https://creativecommons.org/licenses/by/4.0/

Gas prices in Western Pennsylvania rose by three cents this week to $2.542 per gallon, according to AAA East Central’s Gas Price Report. 

Almost every state in the Mid-Atlantic and Northeast region saw prices increase on the week, and seven states saw significant jumps, including Pennsylvania (+5 cents).  On average, gas prices increased by three cents in the region on the week.

The increase in price is in-line with the nearly 2 million barrel draw in gasoline stock in the region on the week.  Stockpiles dropped to 62 million, which is an eight million barrel deficit year-on-year, according to the EIA.

This week’s average prices: Western Pennsylvania Average: $2.542
Average price during the week of July 17, 2017: $2.512
Average price during the week of July 25, 2016: $2.397

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

$2.476      Altoona
$2.527      Beaver
$2.491      Bradford
$2.493      Brookville
$2.556      Butler
$2.550      Clarion
$2.544      Du Bois
$2.526      Erie
$2.576      Greensburg
$2.554      Indiana
$2.612      Jeannette
$2.595      Kittanning
$2.566      Latrobe
$2.590      Meadville
$2.572      Mercer
$2.482      New Castle
$2.556      New Kensington
$2.563      Pittsburgh
$2.421      Sharon
$2.535      Uniontown
$2.595      Warren
$2.547      Washington

On the National Front
The bulk of the country is seeing more expensive gas prices on the week; 39 states saw prices increase on average by three cents – a major swing from last week when only nine states posted more expensive gas prices on the week.  At $2.28, the national gas price is three cents more than a week ago, which is the largest seven-day increase since before Memorial Day.

According to the Energy Information Administration (EIA), gasoline stocks took their largest dip for the first time in five weeks, bringing levels down to 231 million barrels.  That is a 10 million barrel deficit year-on-year and a factor in prices at the pump increasing.

On the U.S. inventory and oil rig count fronts, weekly decreases only show incremental downward movement, while the overall numbers still remain very high when compared to historical data.  Unless these numbers take a more pronounced nosedive, they will still depress crude prices.  In the meantime, as the numbers get closer to this season’s steady, strong demand for refined products, such as gasoline, drivers are likely to see prices continue to move up.

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-