AAA: Gas Prices Continue to Rise in Pa.
This week’s average prices: Western Pennsylvania Average: $3.941
Average price during the week of September 18, 2023: $3.894
Average price during the week of September 26, 2022: $3.902
Clarion County drivers are paying an average of $3.936 a gallon for regular unleaded gasoline. In Venango County, the standard price is $3.972. Forest County drivers are paying an average of $3.946 a gallon. The average in Jefferson County is $3.906.
The average price of unleaded self-serve gasoline in various areas:
$3.844 New Castle
$3.941 New Kensington
$3.999 Oil City
The national average for a gallon of gas has dropped four cents over the past week and is now at $3.84. The decrease is typical this time of year as much of the country makes the switch to less expensive winter blend gasoline. However, the gradual seasonal decline in pump prices is being slowed by higher oil costs, hovering around $90 per barrel. Today’s average is two cents more than a week ago and 13 cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.31 to 8.41 million barrels per day last week. Meanwhile, total domestic gasoline stocks declined slightly from 220.3 to 219.5 million barrels. Higher gas demand, amid tighter supply, has contributed to elevated pump prices, but oil remaining above $90 per barrel continues to steer the price increases.
At the close of Wednesday’s formal trading session, West Texas Intermediate dropped by 92 cents to settle at $90.28. Oil prices decreased due to ongoing market concerns that energy demand could be lowered if future interest rate increases tip the U.S. economy into a recession. Additionally, prices declined despite the EIA reporting that total commercial crude stocks decreased by 2.1 million barrels to 418.5 million barrels last week.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
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