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Home News Top Stories Featured

Gas Average Jumps in West Virginia

January 17, 2023
in Featured, Headlines, Local Stories, Top Stories
Reading Time: 2 mins read
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The average price for gasoline across Northern West Virginia is 20 cents higher this week at $3.183 per gallon, according to AAA East Central’s Gas Price Report.

 

This week’s average prices: Northern WV Average                                    $3.183
Average price during the week of January 3, 2023                                      $2.984
Average price during the week of January 10, 2022                                    $3.106

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

$3.157      Bridgeport
$3.065      Clarksburg
$3.040      Huntington
$3.256      Martinsburg
$3.282      Morgantown
$3.106      Parkersburg
$3.277      Weirton
$3.282      Wheeling

Trend Analysis:
After the recent surge in gas prices caused by frigid weather and robust holiday road travel, pump prices fell by a penny over the weekend, but are still seven cents higher than this time last week. Today’s national average of $3.28 is three cents less than a month ago and two cents less than a year ago.

According to data from the Energy Information Administration, gas demand dropped from 9.33 million barrels per day to 7.51 million barrels per day last week. Meanwhile, total domestic gasoline stocks fell by 300,000 barrels to 222.7 million barrels. Lower gasoline demand has contributed to limiting increases in pump prices.

At the close of Friday’s formal trading session, West Texas Intermediate increased by 10 cents to settle at $73.77. A lower dollar helped to push crude prices higher at the end of the week. However, crude prices declined earlier in the week amid ongoing global economic concerns due to rising COVID-19 cases in China. 

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

AAA East Central is a not-for-profit association with 70 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.

 

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