The average price for gasoline across Northern West Virginia is three cents lower this week at $3.392 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Northern WV Average $3.392
Average price during the week of June 5, 2023 $3.420
Average price during the week of June 13, 2022 $4.945
The following is a list of the average prices in several West Virginia locations:
$3.373 Bridgeport
$3.374 Clarksburg
$3.402 Huntington
$3.488 Martinsburg
$3.399 Morgantown
$3.429 Parkersburg
$3.341 Weirton
$3.332 Wheeling
Trend Analysis:
For the first time since 2021, domestic gasoline demand was above 9 million barrels daily for a third straight week. Yet despite the robust numbers, pump prices barely budged in most of the country. The national average for a gallon of gas dipped a penny since last week to $3.56, which is three cents more than a month ago but $1.39 less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.1 to 9.22 million b/d last week. Meanwhile, total domestic gasoline stocks rose by 2.7 million barrels to 218.8 million barrels. Although gas demand increased, increasing stocks and lower oil prices have contributed to limiting increases. At the close of Wednesday’s formal trading session, West Texas Intermediate increased by 79 cents to settle at $72.53. Today, it’s hovering around $67 per barrel.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
