The average price for gasoline across Northern West Virginia is three cents lower at $4.048 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Northern WV Average $4.048
Average price during the week of March 21, 2022 $4.070
Average price during the week of March 29, 2021 $2.734
The following is a list of the average prices in several West Virginia locations:
$4.076 Bridgeport
$4.027 Clarksburg
$4.075 Huntington
$4.084 Martinsburg
$4.022 Morgantown
$4.097 Parkersburg
$3.978 Weirton
$4.024 Wheeling
Trend Analysis:
With the cost of crude oil hovering near $110 per barrel, volatility at the pump has slowed. After hitting $4.33 on March 11, today’s national average for a gallon of gas is $4.24, which is one cent less than a week ago, 63 cents more than a month ago, and $1.38 more than a year ago.
Domestically, gasoline demand is defying seasonal trends and has dipped for the second straight week, perhaps due to higher pump prices and consumers altering their driving habits. The drop in gas demand is contributing to steadier prices. However, elevated oil prices have slowed that decline, and if prices continue to rise, pump prices will likely follow suit.
At the close of Friday’s formal trading session, West Texas Intermediate increased by $1.56 to settle at $113.90. Crude prices climbed after EIA’s weekly report revealed that total domestic crude stocks declined last week by 2.5 million barrels to 413.4 million barrels, approximately 18 percent lower than the level in mid-March 2021. The current inventory level highlights tightness in the market, contributing to rising oil prices.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.