PITTSBURGH — The average price of gasoline across Western Pennsylvania is two cents cheaper this week at $2.750 per gallon, according to AAA East Central’s Gas Price Report.
Every state in the Mid-Atlantic and Northeast region has cheaper gas prices this week (Pennsylvania, -3 cents). As gas prices decline, New York ($2.76) is the only state in the region to land on the top 10 most expensive state list this week.
Connecticut ($2.73) ranks as the 11th highest average in the country and Pennsylvania ($2.71) is 13th.
Regional gasoline inventory increased by 1.6 million barrels for the week ending Aug. 23, according to the Energy Information Administration (EIA). At 63.9 million barrels, stock levels are at their highest point in three months and on par with levels this time last year.
This is positive news for the region, especially given regional refinery utilization at 66%.
Prices could continue to decline in the weeks ahead following the end of the summer driving season and the upcoming switchover to winter blend gasoline.
The average price of self-serve gasoline in Bradford is $2.898; in Brookville, $2.724; in DuBois, $2.650; in Erie, $2.843; and in Warren, $2.899.
On the week, gas prices are as much as nine cents cheaper in every state except California, (+5 cents), Florida (+4 cents), Ohio (+2 cents) and South Carolina (+1 cent).
Hurricane Dorian has been the driver for the increases in Florida and, most likely, South Carolina.
At this point, the hurricane is not threatening major oil and gas infrastructure, so its impact is localized to its path along the East Coast.
For the rest of the country, demand, which remains high, is chipping away at supply, but not at a high enough rate to increase gas prices.