The average price of gasoline across Western Pennsylvania is a penny cheaper this week at $2.770 per gallon, according to AAA East Central’s Gas Price Report.
On the week, only Washington, D.C. (+2 cents) saw gas prices increase in the Mid-Atlantic and Northeast region. Delaware (-9 cents) saw the largest decline, followed by Maryland (-4 cents) and North Carolina (-3 cents). Gas prices range from $2.30 - $2.75 (PA, $2.75).
Despite the large increase in stocks the week prior, the latest Energy Information Administration (EIA) data show stocks holding mostly stable at 59.3 million barrels. The regional refinery utilization rate was also steady at 90%. The stability in stocks and utilization assisted in keeping regional price increases relatively small. AAA will monitor in the weeks ahead, as millions prepare to head out for the Thanksgiving holiday, which could create fluctuation at the pump.
This week’s average prices: Western Pennsylvania Average $2.770
Average price during the week of November 11, 2019 $2.785
Average price during the week of November 19, 2018 $2.868
The average price of unleaded self-serve gasoline in various areas:
$2.677 Du Bois
$2.598 New Castle
$2.768 New Kensington
On the National Front
On the week, gas prices are mostly cheaper across the country thanks to an increase in supply amid robust demand. A small number of states saw pump prices decrease more than a dime, though the majority saw fluctuation of a few pennies. Today’s national average of $2.59 is two cents cheaper than last week.
The downward trend may be disrupted by the Thanksgiving holiday. With nearly 49.3 million Americans expected to travel by car for the holiday, gas prices may start to fluctuate by the end of this week.
At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased by 95 cents to settle at $57.72. Crude prices increased last week due to increased optimism that China and the U.S. – the world’s two largest crude consumers – are continuing to resolve ongoing trade tensions that sparked market fears that global crude demand would suffer as a result of increased tariffs between both countries.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.
AAA East Central is a not-for-profit association with 78 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.