The average price for gasoline across Northern West Virginia is five cents lower this week at $3.561 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Northern WV Average $3.561
Average price during the week of September 5, 2023 $3.611
Average price during the week of September 12, 2022 $3.538
The following is a list of the average prices in several West Virginia locations:
$3.471 Bridgeport
$3.526 Clarksburg
$3.463 Huntington
$3.712 Martinsburg
$3.698 Morgantown
$3.374 Parkersburg
$3.699 Weirton
$3.543 Wheeling
Trend Analysis:
The national average for a gallon of gas is up two cents over the past week to $3.83. The increase comes after a recent uptick in the price of oil, the primary ingredient in gasoline. Today’s national average is a penny less than a month ago but 12 cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand increased from 9.07 to 9.32 million barrels per day last week. Meanwhile, total domestic gasoline stocks dropped from 217.4 to 214.7 million barrels.
At the close of Wednesday’s formal trading session, West Texas Intermediate rose by 85 cents to settle at $87.54. The price of oil has increased amid news that Saudi Arabia plans to continue its voluntary 1 million barrels per day production cut through the end of the year. Additionally, the EIA reported that total domestic commercial crude inventories decreased significantly from 422.9 to 416.6 million barrels.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.