Gas Prices Dropping in Pennsylvania, According to AAA
This week’s average prices: Western Pennsylvania Average: $3.790
Average price during the week of April 24, 2023: $3.812
Average price during the week of May 2, 2022: $4.355
Clarion County drivers are paying an average of $3.772 a gallon for regular unleaded gasoline. In Venango County, the standard price is $3.750. Forest County drivers are paying an average of $3.789 a gallon. The average in Jefferson County is $3.693.
The average price of unleaded self-serve gasoline in various areas:
$3.686 New Castle
$3.863 New Kensington
$3.747 Oil City
Lower oil prices are causing pump prices to fall, with the national average for a gallon of regular gasoline dropping a nickel since last week to hit $3.61. Today’s national average is 11 cents more than a month ago but 57 cents less than a year ago.
At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $2.77 to settle at $74.30. Oil prices fell amid ongoing market concerns that low consumer confidence could contribute to a recession this year. Additionally, the EIA reported that total domestic commercial crude inventories decreased by 5.1 million barrels to 460.9 million barrels last week.
According to new data from the Energy Information Administration (EIA), gas demand increased significantly from 8.52 to 9.51 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by 2.4 million barrels to 221.1 million barrels. Higher demand, alongside a decline in stocks, would typically push pump prices up; however, fluctuating oil prices have pushed them lower.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
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