PITTSBURGH — The average price of gasoline across Western Pennsylvania is four cents cheaper this week at $2.147 per gallon, according to AAA East Central’s Gas Price Report.
Mid-Atlantic and Northeast states are seeing gas prices decrease, but at a slower rate as compared to neighbors in the South and Mid-West. On the week, these states saw the largest declines in the region: Washington, D.C (-8 cents), Vermont (-6 cents), Connecticut (-6 cents), Rhode Island (-6 cents) and West Virginia (-6 cents). Gas prices now range from as cheap as $1.71 in North Carolina to as expensive as $2.25 in New York.
Gasoline stocks continue to build in the region according to the latest Energy Information Administration (EIA) data. This week, inventory is up by 4.6 million barrels to 70.5 million – which is the highest level recorded by the EIA for the region in decades. With motorists homebound, the region can expect to see pump prices push cheaper as stocks increase and demand drops.
The average price of unleaded self-serve gasoline in Bradford is $2.198; in Brookville, $2.099; in DuBois, $2.108; in Erie, $2.105; and in Warren, $2.202.
The national gas price average has steadily declined for seven weeks, pushing the average cheaper by 61-cents to $1.86 today. In the same timeframe (since late February), U.S. demand for gasoline has decreased 44% to 5 million b/d as gasoline inventories build across the country. The latest data reveals demand levels not seen since spring of 1968, and every U.S. region is seeing builds in gasoline inventories and crude storage.
