AAA: Gas Prices Decrease Ahead of Independence Day Weekend

(File Photo)
Gas prices are three cents lower in Western Pennsylvania this week at $4.979 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                $4.979
Average price during the week of June 21, 2022                                     $5.007
Average price during the week of June 28, 2021                                     $3.246

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

$4.906      Altoona
$5.028      Beaver
$4.964      Bradford
$4.952      Brookville
$4.994      Butler
$4.959      Clarion
$4.984      DuBois
$4.943      Erie
$4.983      Greensburg
$4.965      Indiana
$4.982      Jeannette
$5.002      Kittanning
$4.997      Latrobe
$4.955      Meadville
$5.042      Mercer
$4.967      New Castle
$4.996      New Kensington
$4.988      Oil City
$4.977      Pittsburgh

$4.959      Sharon
$5.025      Uniontown
$4.966      Warren
$4.984      Washington

Trend Analysis:

The national average for a gallon of gas has fallen for a second week after another decline in the global price of oil. This week’s gas average is $4.89, nine cents less than a week ago, 30 cents more than a month ago, and $1.80 more than a year ago. Even with these historically high gas prices, summer travel is in full swing. Heading into the Independence Day weekend, AAA predicts 42 million people will hit the road, setting a new record for car travel.

Although crude prices strengthened at the end of the week due to positive market sentiment after the stock market rallied, crude prices dropped earlier in the week amid market concern regarding the potential for economic growth to slow due to rising interest rates and inflation.  A lower economic growth rate than expected could cause crude demand to decline, leading prices to follow suit. The cost of oil accounts for almost $3 of every $4.89 paid at the gas pump.

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

AAA East Central is a not-for-profit association with 72 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.


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