Gas Prices At Record High For This Time Of Year

Gas prices are six cents lower in Western Pennsylvania this week at $4.577 per gallon, according to AAA East Central’s Gas Price Report.  Gas prices remain the highest they’ve ever been for this time of year. Even though the national average dropped a penny this past week to $4.35, pump prices remain at record highs for autumn. This is the first year the national average has been above $4 per gallon in October. After dipping into the $80 per barrel range for several days, crude oil is back above $90 per barrel. Today’s national average is four cents more than a month ago and $1.27 more than a year ago.  According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.68 million barrels per day to 8.76 million. Total domestic gasoline supply increased slightly from 204.4 million barrels to 204.7 million. Gasoline production decreased from 9.46 million barrels per day to 9.34 million barrels.