Gas Prices ...

Gas prices are up two cents this week in western Pennsylvania, according to AAA East Central’s Gas Price Report.

The average jumped to $3.31 a gallon. In New Castle, the average price is up two cents to $3.25.

The national average is up another three cents to $3.17. Since Memorial Day, the national average is up 13 cents. The average is up 98 cents from a year ago, but 41 cents cheaper than this time in July 2014 when it was last more than $3 a gallon.

One of the primary reasons for more expensive gas prices this summer is high crude oil prices. However, last week crude prices fluctuated from a high of $75 per barrel down to $71 per barrel. News from the Organization of the Petroleum Exporting Countries (OPEC) over the weekend, that they have reached a deal to increase production in August, could give crude oil prices the potential to drop under $70 per barrel.

Regardless, AAA expects higher pump prices to be the norm throughout the summer.

However, the more expensive prices aren’t stopping motorists from filling-up based on strong gasoline demand numbers.

During the last seven days, 25 state averages increased by at least two cents, with 11 of those seeing jumps of a nickel or more. 

Trending Video

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.