Gas prices are one cent lower in Western Pennsylvania this week at $3.562 per gallon, according to AAA East Central’s Gas Price Report. The average price during the week of Nov. 29 was $3.573.
The average price of unleaded self-serve gasoline in various areas includes $3.603 in Bradford; $3.552 in Brookville; $3.539 in Clarion; $3.569 in DuBois; $3.576 in Erie; $3.585 in Meadville; $3.599 in Oil City; $3.548 in Pittsburgh and $3.597 in Warren.
The national average for a gallon of gas dipped 4 cents on the week to $3.35. Pump prices continue to decrease Nationwide as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel range, which hasn’t been seen since August.
According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks increased by more than 4 million barrels to 215,422 million barrels last week. Meanwhile, gasoline demand dipped from 9.3 million b/d to 8.8 million b/d. The slight decrease in demand also contributed to dipping prices.
