After falling by 16 cents last week, the average price of gasoline across Northern West Virginia is nine cents cheaper this week at $1.993 per gallon, according to AAA East Central’s Gas Price Report.
Prices have pushed cheaper across the Mid-Atlantic and Northeast region this week, and many states are seeing prices that are nearly 40 cents cheaper on the month. West Virginia’s average is 12 cents cheaper this week at $2.09.
Since early February, Energy Information Administration (EIA) data show that regional gasoline stocks have declined. The latest draw of nearly 2 million barrels brings total stock levels down to 62 million barrels. More concerning, regional refinery utilization is at its lowest point (57%) since 2012. While gas prices in the region are moving cheaper primarily because of inexpensive crude oil prices, declining stock levels and lower refinery rates are slowing the pace at which pump prices drop in the region compared to other states in the Midwest and Southern regions.
This week’s average prices: Northern WV Average $1.993
Average price during the week of March 16, 2020 $2.081
Average price during the week of March 25, 2019 $2.587