Crude Oil Rises to $115 per Barrel

Gas prices are stable in Western Pennsylvania this week.

This week’s average prices

Western Pennsylvania Average: $4.701

Average price during the week of May 23, 2022: $4.700

Average price during the week of June 1, 2021: $3.177

Trend analysis

The national average for a gallon of gas rose less than three cents over the past week to reach $4.62. However, the price of crude oil, which accounts for more than 50 percent of the cost of a gallon of gas, has now moved above $115 a barrel. This is due to fears of further global supply constraints as European Union (EU) leaders announced they will ban...