AAA: Western PA Gas Prices Higher as Crude Oil Prices Continue to Climb

AAA: Western PA Gas Prices Higher as Crude Oil Prices Continue to Climb
Gas prices in Western Pennsylvania are one cent higher this week at $3.251 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                 $3.251
Average price during the week of June 7, 2021                                        $3.240
Average price during the week of June 15, 2020                                      $2.354

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

$3.155      Altoona
$3.256      Beaver
$3.257      Bradford
$3.255      Brookville
$3.257      Butler
$3.269      Clarion
$3.245      DuBois
$3.253      Erie
$3.254      Greensburg
$3.257      Indiana
$3.254      Jeannette
$3.253      Kittanning
$3.257      Latrobe
$3.243      Meadville
$3.267      Mercer
$3.228      New Castle
$3.265      New Kensington
$3.259      Oil City
$3.252      Pittsburgh

$3.255      Sharon
$3.272      Uniontown
$3.259      Warren
$3.244      Washington

Trend Analysis:

At $71 per barrel, crude oil has increased to its highest price since October 2018 and is now $23 per barrel more expensive than it was this past January. Crude prices have steadily climbed this year along with optimism for the COVID-19 vaccine and the promising impact it will have for global gasoline demand. Additionally, crude prices were bolstered by the latest Energy Information Administration (EIA) report revealing that total domestic crude supplies decreased by 5.2 million barrels to 474 million barrels last week. For this week, crude prices could continue to rise if EIA’s report shows another inventory decline.

 

Motorists are paying, on average, 37% more to fill up than the start of the year. Prices for the rest of the month are likely to push more expensive, but if crude production increases as forecasted, there is the possibility of seeing some relief at the pump later this summer.

 

Today’s national gas price average is $3.08, which is three cents more on the week, a nickel more on the month and 98 cents more on the year. The latest increases at the pump are attributed to the steady climb in crude prices, especially as gasoline demand decreased (−670,000 barrels per day) and gasoline supply increased (+7 million barrels), according to the latest EIA data.

 

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit association with 73 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.

PUC Details $146 Million Distribution of Gas Drilling Impact Fees

Total Distribution Tops $2 Billion to Pennsylvania Communities

HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today posted detailed information about this year’s distribution of impact fees on natural gas producers – totaling $146,254,725 – on the PUC’s Act 13 website.

County and municipal governments directly affected by drilling will receive a total of $71,488,645.52 for the 2020 reporting year. Additionally, $51,032,424.77 will be transferred to the Marcellus Legacy Fund, which provides financial support for environmental, highway, water and sewer projects, rehabilitation of greenways and other projects throughout the state. Also, $23,733,627.60 will be distributed to state agencies, as specified by Act 13.

With this year’s distribution, the PUC over the past ten years,
as collected and distributed over $2 billion to communities across Pennsylvania.

The PUC has forwarded the information to the Department of Treasury for payment and expects checks to be distributed in early July.

This year’s distribution is approximately $54 million lower than last year, driven primarily by the average price of natural gas in 2020 ($2.08 per MMBtu) versus the average price in 2019 ($2.63 per MMBtu) which caused a lower impact fee payment for each well in 2020 – along with the fewest number of new wells than in any year since the passage of Act 13.

The distributions for individual municipalities are detailed on the PUC’s Act 13 website.

Extensive details regarding the impact fee distribution are available online, including specifics on funds collected and distributed for each year since 2011. Visitors can search and download statistics such as distributions to individual municipalities or counties; allocation and usage of those funds, based on reports submitted by various municipalities; eligible wells per county/municipality; and payments by producers.

The PUC is responsible for implementing the collection and distribution of an unconventional gas well fee (also called an Impact Fee), established by the Unconventional Gas Well Impact Fee Act and signed into law as Act 13 of 2012.

Beaver vs. Highlands Under Delay

The Beaver vs. Highlands PIAA Softball Semifinals game that was scheduled to start at 1:30 pm, is currently resuming after a rain/lightning delay in Mars.  Stay to tuned to Beaver County Radio.

Severe Thunderstorm Watch Until 6PM Tonight

SEVERE THUNDERSTORM WATCH 269 IS IN EFFECT UNTIL 600 PM EDT
FOR THE FOLLOWING LOCATIONS

PAC003-005-007-009-013-019-021-023-027-031-033-035-047-051-053-
057-059-061-063-065-073-087-111-121-125-129-142200-
/O.NEW.KWNS.SV.A.0269.210614T1545Z-210614T2200Z/

PA
.    PENNSYLVANIA COUNTIES INCLUDED ARE

ALLEGHENY            ARMSTRONG           BEAVER
BEDFORD              BLAIR               BUTLER
CAMBRIA              CAMERON             CENTRE
CLARION              CLEARFIELD          CLINTON
ELK                  FAYETTE             FOREST
FULTON               GREENE              HUNTINGDON
INDIANA              JEFFERSON           LAWRENCE
MIFFLIN              SOMERSET            VENANGO

Tuesday Teleforum with Tom Young

On Tuesday’s Teleforum program with Eddy Crow, Eddy welcomes Tom Young of First Consultants as his guest. The talk will be about financial security in these insecure times. Eddy will also have his thoughts about the latest Beaver County news stories; and probably some general goofiness to ease further into the week. Teleforum is every weekday from 9 till noon on AM1230, AM1460, and FM99.3 presented by St. Barnabas.

Novavax: Large Study Finds COVID-19 Shot About 90% Effective

Novavax: Large study finds COVID-19 shot about 90% effective
By LINDA A. JOHNSON AP Medical Writer
Vaccine maker Novavax says its shot is highly effective against COVID-19 and also protects against variants. The Maryland-based company on Monday announced results from a large, late-stage study in the U.S. and Mexico that found its vaccine was about 90% effective. Preliminary data also showed it was safe. Novavax previously released results from smaller studies in Britain and South Africa. The company plans by the end of September to file for emergency use authorization in the U.S., Europe and elsewhere. Novavax’s vaccine is made by growing harmless copies of the coronavirus spike protein in the laboratory.

Justices Defer Harvard Case On Race In College Admissions

Justices defer Harvard case on race in college admissions
By MARK SHERMAN Associated Press
WASHINGTON (AP) — With abortion and guns already on the agenda, the conservative-dominated Supreme Court is considering adding a third blockbuster issue: whether to ban consideration of race in college admissions. The justices Monday put off a decision about whether they will hear an appeal claiming Harvard discriminates against Asian American applicants, in a case that could have nationwide repercussions. The court asked the Justice Department to weigh in on the case, a process that typically takes several months. The presence of three appointees of former President Donald Trump could prompt the court to take up the case, even though it’s been only five years since its last decision in a Texas case about affirmative action in higher education.

Pa Rep. Aaron Bernstine: New Brighton Historical Society to receive $25,000 Towards Irish-Townsend House Rennovation

(New Brighton, Pa.) Pa State Rep Aaron Bernstine 10th District announced that the Pennsylvania Historical and Museum Commission awarded a $25,000 grant to the New Brighton Historical Society.

The grant will go towards the historical society’s project of the preservation of the Irish-Townsend House.

Bernstine said via release that “The society provides a valuable service to our residents and the state grant will go toward preserving the history and heritage of Beaver County, which dates back more than 50 years,”. “It is very satisfying to know that we are giving a significant piece of local history a new, fresh look. I was pleased to advocate for this important funding.”

Funding under the program is available to nonprofit organizations and local governments for capital improvements on historic resources listed in or eligible for listing in the National Register of Historic Places.

Bernstine said that “Preserving the history of a place through its significant historic resources gives a community its unique character. Historic preservation provides a link to the roots of the community and its people,”

 

Pa State Troopers Find Marijuana On Floor At Rivers Casino

(Pittsburgh, Pa.) Pa State Police at the Rivers Casino are reporting that on Friday, June 11, 2021, at 4:34 PM a small amount of suspected marijuana was found on the floor of the Rivers Casino. Troopers were unable to determine whose it was, and the suspected marijuana was destroyed.

Fire reported at Taiwan 101 In Center Township Sunday

(Center Twp., Pa.) Center Township Fire Chief Bill Brucker reported Sunday evening that his department was called to the scene of a structure  fire at Taiwan 101 in Walmart Plaza in Center Twp. on Sunday afternoon at 3:41 PM.  He said new owners have  just taken over and the fire was in the kitchen.  Chief Brucker said the fire is under further investigation today to determine the cause.