AAA: Motorists to Pay Highest Thanksgiving Gas Prices on Record

Gas prices are two cents cheaper in Western Pennsylvania this week at $4.020 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Pennsylvania Average                          $4.020
Average price during the week of November 14, 2022                                      $4.045
Average price during the week of November 22, 2021                                       $3.582

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

$4.151      Altoona
$3.994      Beaver
$4.159      Bradford
$3.706      Brookville
$3.975      Butler
$4.059      Clarion
$4.098      DuBois
$4.083      Erie
$3.965      Greensburg
$3.978      Indiana
$3.948      Jeannette
$3.944      Kittanning
$3.996      Latrobe
$4.150      Meadville
$4.122      Mercer
$3.949      New Castle
$3.994      New Kensington
$4.159      Oil City
$3.986      Pittsburgh

$4.019      Sharon
$3.949      Uniontown
$4.158      Warren
$3.915      Washington

Trend Analysis:

Drivers fueling up ahead of Thanksgiving will benefit from falling pump prices. The national average for a gallon of gasoline dropped 11 cents in the past week to $3.66. While prices are lower, this week will see the highest Thanksgiving national average price since AAA started keeping records in 2000. Today’s national average is 26 cents more than a year ago.

According to data from the Energy Information Administration (EIA), gas demand fell from 9.01 million to 8.74 million b/d last week. Meanwhile, total domestic gasoline stocks rose by nearly 2.2 million barrels to 207.9 million barrel. Increasing supply and fewer drivers fueling up have pushed pump prices lower.

At the close of Friday’s formal trading session, West Texas Intermediate decreased by $1.56 to settle at $80.08. Crude prices dropped last week despite the EIA reporting that total domestic commercial crude stocks fell dramatically by 5.4 million barrels. Instead, prices declined because the market is concerned that oil demand could decrease due to growing economic concerns.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 70 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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