AAA: Gas Prices Down in Pa.

Gas prices are two cents lower in Western Pennsylvania this week at $4.186 per gallon, according to AAA East Central’s Gas Price Report.

This week’s average prices

Western Pennsylvania avg. – $4.186

Average price during the week of April 18, 2022 – $4.204

Average price during the week of April 26, 2021 –$3.035

Trend Analysis

Despite several weeks of declining prices, the national average for a gallon of regular gas has risen four cents over the past week to $4.12.

Concerns that less Russian oil will enter the global market combined with fears of a COVID-induced economic slowdown in China are causing oil prices to hover around $100 a barrel.

As long as the price of oil stays elevated, pump prices could continue to trend upward.

This week’s national average is still 12 cents less than a month ago but $1.24 more than a year ago.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by nearly 1 million barrels to 232.3 million barrels last week. Gasoline demand increased slightly from 8.73 million barrels per day to 8.86 million barrels per day.