The average price of gasoline across Northern West Virginia is eight cents higher this week at $2.624 per gallon, according to AAA East Central’s Gas Price Report.
Gas prices are as much as six cents more expensive for motorists across the Mid-Atlantic and Northeast states compared to last Monday, except in Vermont and Massachusetts. Pennsylvania ($2.79) ranks among the top 10 most expensive state averages in the country. In the region, motorists can find gas as cheap as $2.35 in Virginia and $2.40 in Delaware. Statewide, West Virginia gas prices are a nickel higher this week at $2.60.
Regional gasoline stocks decreased by 600,000 barrels, dropping total stock levels to 62.3 million barrels, per Energy Information Administration (EIA) data for week ending Dec. 20. In the week ahead, gas prices are likely to see continued increases.
This week’s average prices: Northern West Virginia Average $2.642 Average price during the week of Dec. 23, 2019 $2.560 Average price during the week of Dec. 31, 2018 $2.263 The following is a list of the average prices in several West Virginia locations:
On the National Front A year-end spike in road trip travel due to the holidays helped to push the national average more expensive on the week – up four cents to $2.58. Compared to last month, the national average is the same price, but 31 cents more expensive than the end of 2018. The majority of states saw gas prices increase in the last week – some by as much as a nickel to a dime, but any spikes in gas prices that motorists are seeing will likely be short-lived.
In 2019, the national gas price average was $2.61, which is ten cents cheaper than the 2018 average of $2.71.
At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate decreased by four cents to settle at $61.72. Crude prices rose last week after the EIA’s petroleum status report revealed that total domestic crude stocks decreased by 5.5 million barrels to 441.4 million barrels last week. Total domestic stocks are now at the level they held last year at this time. If the EIA’s report this week shows another reduction, crude prices could increase again, which could increase prices at the pump.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.