Gas prices in Butler increased almost 10 cents in the last week.
According to AAA’s weekly gas price report, the average price for a gallon of regular, unleaded, self-serve in Butler is $2.33. That’s nine cents more expensive than last week’s average of $2.24 per gallon.
As for western Pennsylvania as a whole, prices are five cents more expensive this week averaging $2.51 per gallon.
Last year at this time, we were paying roughly 35 cents more per gallon.
This week’s average prices: Western Pennsylvania Average $2.512
Average price during the week of February 4, 2019 $2.463
Average price during the week of February 12, 2018 $2.881
The average price of unleaded self-serve gasoline in various areas:
$2.540 Du Bois
$2.390 New Castle
$2.563 New Kensington
On the National Front
On the week, the national gas price average is two cents more expensive, landing at $2.28. At the start of the workweek, nearly half of all state averages also saw jumps – some at or more than a dime increase.
Frigid temperatures across much of the country have contributed toward a half a million barrel per day drop in demand to measure at 9 million barrels – a level consistent with a year ago according to the EIA. At the same time, gasoline stocks saw a nominal 513,000-barrel increase for a total of 257.8 million barrels. While demand is mostly flat year-over-year, total stocks sit at a 124-million-barrel surplus.
Crude oil has remained relatively cheap since the beginning of the year, moving between $51- $55 per barrel. At the close of Friday’s formal trading session on the NYMEX, WTI increased eight cents to settle at $52.72. Oil prices were volatile last week, following the release of new data from the EIA showing that at the end of the previous week, total domestic crude oil inventories rose less than expected – a build of only 1.3 million barrels to total 447.2 million.