National Gas Prices Level Off, as Western PA Gas Prices Continue to Hold Steady

Pennsylvania, Gas Prices
Old gas pump by Andrew Taylor
Photo by Andrew Taylor https://www.flickr.com/photos/profilerehab/ https://creativecommons.org/licenses/by/4.0/

Gas prices in Western Pennsylvania up a penny, increasing slightly to $3.113 per gallon, according to AAA East Central’s Gas Price Report. 

Gas prices are mostly flat across the Mid-Atlantic and Northeast region with eight states seeing two to one cent pump price drops while seven states’ gas price averages held flat on the week, including PA.

Pump prices and inventories remained relatively flat at 64 million oil barrels on the week, according to the latest Energy Information Administration’s (EIA) data available. Total inventory levels are on par with levels this time last year. If they tighten, prices would likely increase.

This week’s average prices: Western Pennsylvania Average -$3.113
Average price during the week of August 6, 2018 - $3.103
Average price during the week of August 14, 2017 - $2.872

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

$3.037      Altoona
$3.132      Beaver
$3.144      Bradford
$3.139      Brookville
$3.164      Butler
$3.066      Clarion
$3.068      Du Bois
$3.108      Erie
$3.158      Greensburg
$3.098      Indiana
$3.210      Jeannette
$3.210      Kittanning
$3.148      Latrobe
$3.090      Meadville
$3.088      Mercer
$3.102      New CastlC
$3.077      New Kensington
$3.132      Pittsburgh
$3.029      Sharon
$3.060      Uniontown
$3.139      Warren
$3.093      Washington


On the National Front 
The national gas price average has held relatively flat for the last two weeks. Today’s national average is $2.86. EIA latest reports detail a drop in consumer gasoline demand and a build in gasoline inventories. In fact, this was the first increase in inventories in six-weeks with a substantial addition of 3 million oil barrel.

On the week, states are seeing pump price jumps as high as eight cents and drops as much as a dime. Today’s gas price average is one-cent less than last week, three-cents less than one month ago and 51-cents more than this time last year.

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased 82 cents to settle at $67.63.

In related news, according to Baker Hughes, Inc., the U.S. added 10 oil rigs last week, bringing the total to 869. Currently, there are 101 more active rigs this year than last year at this time.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit association with 80 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.  News releases are available at news.eastcentral.aaa.com.  Follow us on Twitter and Facebook.

For More Information, Contact:
Herman Jenkins, Director of Public Affairs
Desk: 412-365-7278 / Cell: 216-618-6944 / Email: Jenkins.Herman@aaaec.com


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