Gas Prices Jump In SWPA

Gas prices are 23 cents higher in Western Pennsylvania this week at $4.537 per gallon, according to AAA East Central’s Gas Price Report.  The national average for a gallon of regular gasoline has gone up 16 cents over the past week to $4.31 as crude oil prices continue climbing. Volatility in the Strait of Hormuz has pushed crude oil back in the $100 per barrel range for the first time since July. Pump prices are currently comparable to early June. The national average is increasing during a season when gas prices typically go down due to lower gasoline demand.  According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 8.92 million barrels per day to 8.55 million. Total domestic gasoline supply increased from 205.7 million to 206.9 million barrels. Gasoline production decreased last week from 9.8 million barrels per day to 9.3 million barrels.