AAA: Cheaper Oil, Higher Inventory Keeping Gas Prices Cool in PA

Gas prices are a penny lower in Western Pennsylvania this week at $3.652 per gallon, according to AAA East Central’s Gas Price Report.

The average price of gas in Beaver County is currently $3.73.

For the first time since 2021, domestic gasoline demand was above 9 million barrels daily for a third straight week. Yet despite the robust numbers, pump prices barely budged in most of the country. The national average for a gallon of gas dipped a penny since last week to $3.56, which is three cents more than a month ago but $1.39 less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.1 to 9.22 million b/d last week. Meanwhile, total domestic gasoline stocks rose by 2.7 million barrels to 218.8 million barrels. Although gas demand increased, increasing stocks and lower oil prices have contributed to limiting increases. At the close of Wednesday’s formal trading session, West Texas Intermediate increased by 79 cents to settle at $72.53. Today, it’s hovering around $67 per barrel.