Western Pennsylvania Gas Prices Drop; National Average Drops as Crude Trends Cheaper

Pennsylvania, Gas Prices
Gas Station Clouds Yuya Sekiguchi
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Gas prices in Western Pennsylvania are four cents cheaper this week at $2.672 per gallon, according to AAA East Central’s Gas Price Report. 

Statewide, gas prices in Pennsylvania are about four cents cheaper this week ($2.65).  Refinery utilization across the Mid-Atlantic and Northeast region has increased to 93 percent, and inventory has been building.  Total gasoline stocks continue to measure above the 61-million-barrel mark for the third week, which is nearly a 3 million surplus year-over-year.

This week’s average prices: Western Pennsylvania Average: $2.672
Average price during the week of December 3, 2018: $2.716
Average price during the week of December 11, 2017: $2.786

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

$2.562      Altoona
$2.694      Beaver
$2.693      Bradford
$2.763      Brookville
$2.594      Butler
$2.668      Clarion
$2.657      Du Bois
$2.686      Erie
$2.701      Greensburg
$2.711      Indiana
$2.696      Jeannette
$2.706      Kittanning
$2.632      Latrobe
$2.633      Meadville
$2.689      Mercer
$2.433      New Castle
$2.717      New Kensington
$2.733      Pittsburgh
$2.635      Sharon
$2.651      Uniontown
$2.803      Warren
$2.734      Washington

On the National Front 
Today’s national gas price average of $2.42 is the lowest pump price of the year, a price point not seen since mid-December last year.  The average sits at four cents cheaper than last week, 28-cents cheaper than last month and four cents less than last year.  The last time the national average was cheaper on the week, month and year was during July 2017.

With crude oil prices trending cheaper, motorists can expect the national gas price average to continue to drop.  However, pump prices this cheap may not last into 2019.  On Friday, the Organization of the Petroleum Exporting Countries (OPEC) announced that the cartel and non-OPEC members, including Russia, will reduce production by 1.2 million b/d for the first six months of the year.  While the decision will help to reduce the high level of global crude supply, the move has the potential to increase oil and gas prices.  At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased $1.12 to settle at $52.61.  Oil prices rallied at the end of last week after OPEC’s announcement.

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

-AAA-