The average price for gasoline across Northern West Virginia is 12 cents higher this week at $3.714 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Northern WV Average $3.714
Average price during the week of August 14, 2023 $3.590
Average price during the week of August 22, 2022 $3.772
The following is a list of the average prices in several West Virginia locations:
The national average for a gallon of gas is up a penny over the past week to $3.86, despite lower demand and the price of oil falling several dollars per barrel. But the potential for hurricane development and forecasts of an expanding heat dome over Texas, Oklahoma, and Kansas may cause refineries in these states to curb production because of the sizzling temperatures. Today’s national average is 28 cents more than a month ago and four cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand slid from 9.30 to 8.85 million barrels per day last week. Meanwhile, total domestic gasoline stocks slightly decreased from 216.4 to 216.2 million barrels. Although demand has fallen, fluctuating oil prices have kept pump prices elevated.
At the close of Wednesday’s formal trading session, West Texas Intermediate decreased by $1.61 to settle at $79.38. Oil prices declined amid ongoing concern that if interest rates continue to increase, the economy could tip into a recession. Additionally, the EIA reported that total domestic commercial crude inventories decreased from 445.6 to 439.7 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, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.