West Virginia Gas Prices Up Slightly, Summer Driving Season Coming to a Close

West Virginia, Gas Prices
Filling up Insight by Celeste Lindell
Photo by Celeste Lindell https://www.flickr.com/photos/averagejane/ https://creativecommons.org/licenses/by/4.0/

Gas prices in Northern West Virginia are two cents more expensive this week at $2.817 per gallon, according to AAA East Central’s Gas Price Report. 

Gas prices continue to trend flat across the Mid-Atlantic and Northeast states.  Inventories added a surprise for this time of year- landing at 837,000 barrels, according to the latest Energy Information Administration (EIA) data. The region was the only to see an inventory build over the week.  At 64 million barrels in total, the region is sitting on a 1.5 million surplus, which is helping to keep gas prices flat and cheaper than earlier this summer.

This week’s average prices: Northern WV Average: $2.817
Average price during the week of August 27, 2018:  $2.795
Average price during the week of September 5, 2017: $2.745

The following is a list of the average prices in several West Virginia locations:

$2.874      Bridgeport
$2.817      Clarksburg
$2.622      Huntington
$2.969      Martinsburg
$2.836      Morgantown
$2.771      Parkersburg
$2.855      Weirton
$2.794      Wheeling

On the National Front
Motorists across the country continue to see their local pump prices dropping.  On the week, state gas price averages declined as much as four cents while the national gas price average held steady at $2.84, which is two-cents cheaper than a month ago, but 48-cents more than a year ago.  With Labor Day approaching, motorists could see a small swing towards higher gas prices, but any jump is not expected to last past the holiday weekend.  

Last year’s Labor Day weekend saw gas prices spike, but that was mostly due to Hurricane Harvey.  As it battered the Southeast, it shut down refineries and pipelines driving gas prices toward their highest point of 2017 ($2.67).  Despite no hurricane activity this Labor Day weekend, gas prices will be at their highest point for the holiday since 2014.

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased 89 cents to settle at $68.72.  A weak dollar contributed to last week’s price gain.  Moreover, following the release of the EIA’s weekly report that showed total domestic crude inventories fell by 5.8 million barrels during the previous week, crude prices increased.  If this week brings a continued decline in crude stocks, crude prices could surpass $70 per barrel.

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

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