Western Pennsylvania Gas Price Decreases; National Price for December Reaches 2-Year Low

Pennsylvania, Gas Prices
Picturesque gas station by Wonderlane
Photo by Wonderlane https://www.flickr.com/photos/wonderlane/ creativecommons.org/licenses/by/4.0/  

Gas prices in Western Pennsylvania are seven cents cheaper this week at $2.610 per gallon, according to AAA East Central’s Gas Price Report. 

State gas price averages are $2.70 or cheaper across the Mid-Atlantic and Northeast region; on the week, gas prices are up to six cents less. Heading into the holidays, gas prices are as much as 15-cents cheaper year-over-year in the region.

Energy Information Administration (EIA) data shows that the region has seen gasoline stocks mostly decline since early October. On the week, stocks fell by 1.9 million barrels dropping total levels to 59 million barrels. The drop comes as refinery utilization in the region fell from 93 percent to 85 percent. 

This week’s average prices: Western Pennsylvania Average: $2.610
Average price during the week of December 10, 2018: $2.672
Average price during the week of December 18, 2017: $2.774

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

$2.567      Altoona
$2.683      Beaver
$2.641      Bradford
$2.723      Brookville
$2.552      Butler
$2.604      Clarion
$2.570      Du Bois
$2.654      Erie
$2.615      Greensburg
$2.656      Indiana
$2.607      Jeannette
$2.622      Kittanning
$2.558      Latrobe
$2.570      Meadville
$2.651      Mercer
$2.391      New Castle
$2.677      New Kensington
$2.644      Pittsburgh
$2.472      Sharon
$2.592      Uniontown
$2.725      Warren
$2.635      Washington

On the National Front 
At $2.37, the national gas price average continues to drive toward the cheapest pump prices seen during the month of December since 2016, which is welcome news for the millions of Americans expected to begin holiday travel later this week.

The national average is a nickel less than last week, 26-cents less than last month and six-cents less than a year ago. With gasoline production on the high side – 10 million barrels per day - amid low demand, motorists can expect gas prices to continue declining through year-end.

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate decreased $1.38 to settle at $51.20. Oil prices mostly fell last week as market observers continue to worry that the global crude market is oversupplied.

Crude inventories around the country slid another 1.2 million barrels, according to new data released by EIA. With domestic inventories now falling and Organization of the Petroleum Exporting Countries’ (OPEC’s) production reduction agreement set to take effect in early 2019, crude prices could increase early next year. If they do, motorists will likely see pump prices increase.

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-