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Gas Prices Continue to Fall in West Virginia

July 17, 2023
in Top Stories
Reading Time: 3 mins read
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The average price for gasoline across Northern West Virginia is five cents lower this week at $3.289 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Northern WV Average                                    $3.289
Average price during the week of July 3, 2023                                            $3.332
Average price during the week of July 11, 2022                                          $4.637

The following is a list of the average prices in several West Virginia locations: 

$3.243      Bridgeport
$3.269      Clarksburg
$3.199      Huntington
$3.378      Martinsburg
$3.378      Morgantown
$3.228      Parkersburg
$3.323      Weirton
$3.294      Wheeling

Trend Analysis:
Pump prices barely budged over the past week, despite the expected demand surge due to the July 4th holiday. AAA predicted that more than 43 million people would hit the road to celebrate the nation’s birthday. Despite the record number, the national average for a gallon of gas is just a penny higher since last week at $3.54. Today’s national average is four cents lower than a month ago and $1.14 less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.31 to 9.6 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by 2.5 million barrels to 219.5 million barrels.  

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $2 to settle at $71.79. Oil prices have increased due to market concerns that supply may be tight through the remainder of 2023. However, price increases have been capped due to ongoing market fears that a recession will occur. Additionally, the EIA reported that total domestic commercial crude inventories decreased by 1.5 million barrels to 452.2 million barrels.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 69 local offices in Kentucky, New York, Ohio, Pennsy

to Fall in West Virginia


The average price for gasoline across Northern West Virginia is five cents lower this week at $3.289 per gallon, according to AAA East Central’s Gas Price Report. 

This week’s average prices: Northern WV Average                                    $3.289
Average price during the week of July 3, 2023                                            $3.332
Average price during the week of July 11, 2022                                          $4.637

The following is a list of the average prices in several West Virginia locations: 

$3.243      Bridgeport
$3.269      Clarksburg
$3.199      Huntington
$3.378      Martinsburg
$3.378      Morgantown
$3.228      Parkersburg
$3.323      Weirton
$3.294      Wheeling

Trend Analysis:
Pump prices barely budged over the past week, despite the expected demand surge due to the July 4th holiday. AAA predicted that more than 43 million people would hit the road to celebrate the nation’s birthday. Despite the record number, the national average for a gallon of gas is just a penny higher since last week at $3.54. Today’s national average is four cents lower than a month ago and $1.14 less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand increased slightly from 9.31 to 9.6 million barrels per day last week. Meanwhile, total domestic gasoline stocks decreased by 2.5 million barrels to 219.5 million barrels.  

At the close of Wednesday’s formal trading session, West Texas Intermediate increased by $2 to settle at $71.79. Oil prices have increased due to market concerns that supply may be tight through the remainder of 2023. However, price increases have been capped due to ongoing market fears that a recession will occur. Additionally, the EIA reported that total domestic commercial crude inventories decreased by 1.5 million barrels to 452.2 million barrels.

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 69 local offices in Kentucky, New York, Ohio, Pennsy

 

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