Western PA Gas Prices Steady amid National Increase

West Virginia, Gas Prices
Route 66 gas station by Marcin Wichary
Photo by Marcin Wichary https://www.flickr.com/photos/mwichary/ https://creativecommons.org/licenses/by/4.0/

Gas prices in Western Pennsylvania stayed at $2.548 per gallon this week, according to AAA East Central’s Gas Price Report. 

Gas prices across the Mid-Atlantic and Northeast region continue to join the pack of most expensive states in the country, with Washington, D.C. ($2.55) and Pennsylvania ($2.52) leading the way.  Gasoline stocks decreased by 2.1 million barrels last week, according to the latest EIA report.  That decline puts total supplies on hand more than 10 million barrels lower than levels this time last year.  Tighter supplies and growing demand have put pressure on gas prices, leading to increases throughout the region. 

This week’s average prices: Western Pennsylvania Average: $2.548
Average price during the week of July 24, 2017: $2.542
Average price during the week of August 1, 2016: $2.329

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

$2.494      Altoona
$2.591      Beaver
$2.480      Bradford
$2.517      Brookville
$2.566      Butler
$2.548      Clarion
$2.464      Du Bois
$2.525      Erie
$2.568      Greensburg
$2.559      Indiana
$2.614      Jeannette
$2.603      Kittanning
$2.572      Latrobe
$2.591      Meadville
$2.586      Mercer
$2.490      New Castle
$2.563      New Kensington
$2.581      Pittsburgh
$2.440      Sharon
$2.538      Uniontown
$2.592      Warren
$2.576      Washington


On the National Front
Today’s national average price of a gallon of regular unleaded gasoline is $2.32.  The national average is at its highest price since June 15 and has now increased for 12 of the last 15 days.  Pump prices in 47 states and Washington D.C. moved higher on the week, resulting from strong demand, rising exports and declining U.S. crude oil inventory levels.

The price per barrel of crude continues to push higher, with West Texas Intermediate approaching the $50 line on Monday after increasing 67 cents to hit $49.71 on Friday.  The rally comes amid news that OPEC and non-OPEC nations will meet next week to focus on why some countries participating in the production cut agreement, which is in place until the end of March 2018, are failing to meet their agreed targets.  Compliance has become a major issue for the agreement, as rising production from OPEC and non-OPEC member countries has prevented the agreement from having a larger impact on rebalancing the global market. 

EIA reported a 7.2 million barrel drop in U.S. crude inventories for the week ending on July 21 – a much higher number than expected.  However, according to Baker Hughes, Inc.’s latest rig count, the U.S. added 2 oil rigs, bringing the record-high total to 766.  All of the news has given investors mixed signals on where the market is heading, putting greater pressure on OPEC to enhance compliance and reduce exports.  The needle may move in favor of higher crude prices this week, which will contribute to rising gas prices.  If crude prices continue to push upward, drivers are likely to see it reflected at the pump.

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-