National Average For Gasoline Heading Up Again

Gas prices are 25 cents higher in Western Pennsylvania this week at $4.260 per gallon, according to AAA East Central’s Gas Price Report. The national average for a gallon of regular gasoline has gone up 13 cents over the past week and is now at $4.00 per gallon. Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices over $80 per barrel. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it was $4.02. Today’s national average is five cents more than a month ago but 86 cents more than a year ago. According to new data from the Energy Information Administration (EIA), gasoline demand remained flat last week at 8.84 million. Total domestic gasoline supply decreased from 212.1 million barrels to 210.5 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.

