Gas Prices Are Down Six-Cents in Western Pennsylvania

Gas prices are six cents lower in Western Pennsylvania this week at $4.207 per gallon, according to AAA East Central’s Gas Price Report.  The national average for a gallon of regular gasoline jumped 11 cents from last week to $4.11. Twenty-eight states are now averaging $4 per gallon or higher. Rising crude oil prices are behind the spike at the pump. Volatility along the Strait of Hormuz and instability in the region have pushed crude oil prices above $80 per barrel. Today’s national average is 24 cents more than a month ago and 97 cents more than a year ago.  According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.84 million to 8.94 million. Total domestic gasoline supply increased from 210.5 million barrels to 211.3 million. Gasoline production increased last week, averaging 9.7 million barrels per day.