Gas prices reaching $4 a gallon
The average price for a gallon of gas is steady in Pennsylvania this week at $3.942, according to AAA East Central’s Gas Price Report.
As of Monday the national average of $3.99 is up 4 cents over the past week and more than one dollar since last month.
Crude oil prices remain high as the Iran conflict hits the four-week mark. The national average could reach $4 per gallon in the coming days for the first time since August 2022.
Gasoline demand is also on the rise as spring break season continues, another factor in surging pump prices.
According to new data from the Energy Information Administration, gasoline demand increased last week from 8.72 million barrels per day to 8.92 million.
Total domestic gasoline supply decreased from 244 million barrels to 241.4 million. Gasoline production increased last week, averaging 9.7 million barrels per day.
At the close of Wednesday’s formal trading session, West Texas Intermediate fell $2.03 to settle at $90.32 a barrel. The EIA reports crude oil inventories increased by 6.9 million barrels from the previous week.
At 456.2 million barrels, U.S. crude oil inventories are about 0.1% above the five-year average for this time of year.
The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 41 cents.
The Allentown-Bethlehem-Easton average price on Monday was $3.927, compared to $3.928 last week.
Last year the price was $3.140.
The nation’s top 10 most expensive gasoline markets are California ($5.84), Hawaii ($5.33), Washington ($5.30), Nevada ($4.86), Oregon ($4.86), Arizona ($4.63), Alaska ($4.57), Idaho ($4.25), Illinois ($4.23) and Utah ($4.16).
The nation’s 10 least expensive gasoline markets are Oklahoma ($3.25), Kansas ($3.27), Iowa ($3.31), Nebraska ($3.38), Arkansas ($3.39), South Dakota ($3.41), Missouri ($3.42), Minnesota ($3.43), North Dakota ($3.43) and Mississippi ($3.56).
The nation’s 10 most expensive states for public charging per kilowatt hour are West Virginia (52 cents), Hawaii (51 cents), Alaska (50 cents), New Hampshire (47 cents), Louisiana (47 cents), South Carolina (46 cents), California (46 cents), New Jersey (45 cents), Arkansas (44 cents) and Idaho (43 cents).