Gasoline prices tick up in region

As millions of motorists kicked off the summer travel season this week, Western Pennsylvania gas prices edged up two cents to $3.512 per gallon.

Wednesday’s national average price for regular unleaded gasoline is $3.63 per gallon. This price is 13 cents more expensive than one month ago but it is 3 cents less expensive than one week ago. The average American motorist has enjoyed a lower year-over-year pump price for 87 consecutive days, but those savings have narrowed substantially to less than two cents per gallon, down significantly from the peak year-to-date discount of 39 cents on April 18.

The recent decline in the national average has been keyed by dramatic price drops in the Midwest where many motorists have seen pump prices retreat from historic highs. Following a breakneck run up due to low gasoline supplies and significant refinery maintenance – both planned and unplanned – a handful of states in that region have registered week-over-week declines of more than 10 cents per gallon.

While national gasoline markets have been driven by regional supply and production issues, West Texas Intermediate (WTI) crude oil prices remained relatively flat in recent weeks. At the close of today’s formal trading on the NYMEX, WTI settled up 86 cents at $95.01 per barrel.

This week’s Western PA average price: $ 3.512

Average price during the week of May 21, 2013: $ 3.488

Average price during the week of May 29, 2012: $ 3.611

The following is a list of the average price of unleaded self-serve gasoline in various areas:

$3.457, Altoona

$3.590, Beaver

$3.462, Bradford

$ 3.466, Brookville

$ 3.559, Butler

$ 3.491, Clarion

$ 3.454, Du Bois

$ 3.368, Erie

$ 3.556, Greensburg

$ 3.466, Indiana

$ 3.584, Jeanette

$ 3.522, Kittanning

$ 3.467, Latrobe

$ 3.496, Meadville

$ 3.614, Mercer

$ 3.503, New Castle

$ 3.562, New Kensington

$ 3.564, Pittsburgh

$ 3.578, Sharon

$ 3.513, Uniontown

$ 3.436, Warren

$ 3.558, Washington