Small lift in Pa. gas prices
Business News
October 13, 2020

Small lift in Pa. gas prices

PITTSBURGH — The average price of gasoline across Western Pennsylvania is a penny higher at $2.542 per gallon, according to AAA East Central’s Gas Price Report.

The average price of unleaded self-serve gasoline in Bradford is $2.589; in Brookville, $2.547; in DuBois, $2.574; in Erie, $2.580; and in Warren, $2.599.

On the week, the national gas price average held steady at $2.18, which is a penny less than last month and 45 cents cheaper than last year.

The majority of American motorists are seeing stability at the pump this week, despite the fact that Hurricane Delta made landfall in Louisiana as a category 2 hurricane over the weekend. While gasoline refineries are reporting operations have resumed, the Bureau of Safety and Environmental Enforcement reports that approximately 91% of oil production in the Gulf of Mexico is currently offline. As of Monday morning, inspections are underway, and production is expected to resume this week.

In a typical year, a hurricane season like the one experienced this year would have caused gas prices to spike. But, 2020 is not a typical year. Low U.S. gasoline demand and large supply has helped contain any impact to local gas prices. The Energy Information Administration’s (EIA) weekly report measures current gasoline supply at 226.7 million barrels. That is a decrease of 1.7 million barrels from the week prior, though the drop is likely attributed to high export numbers.

bradford

The Bradford Era

More by this Author
MCHS to present “History of Surveying”
Marcie 
November 21, 2024
SMETHPORT — McKean County Historical Society will sponsor a program on “History of Surveying” at Hamlin Memorial Library in Smethport at 7 p.m. on May...
Read More...
Local & Social