AAA: West Virginia Gas Prices Jump This Week; Demand Ebbs Nationwide

 The average price of gasoline across Northern West Virginia is 10 cents higher this week at $2.172 per gallon, according to AAA East Central’s Gas Price Report.

   Weekly increases were minimal for the majority of the Mid-Atlantic and Northeast region, with the exception of Delaware (+10 cents), West Virginia (+9 cents) and Maryland (+5 cents). For motorists filling up in the region, they can expect to find state averages fluctuating from a low of $1.92 in Virginia to a high of $2.36 in Pennsylvania.

   Nearly one million barrels of gasoline were used from inventory in the region, according to Energy Information Administration (EIA) data for the week ending June 12. Regional gasoline stocks sit at 74.1 million barrels, and refinery utilization dipped just under 50%. AAA expects the region to see gas prices continue to increase in the weeks ahead, especially as more Americans feel comfortable traveling.

   This week’s average prices: Northern WV Average                          $2.172

   Average price during the week of June 15, 2020                               $2.074

   Average price during the week of June 24, 2019                               $2.601

  The following is a list of the average prices in several West Virginia locations: $2.214      Bridgeport, $2.147      Clarksburg,  $2.140      Huntington,

$2.255      Martinsburg, $2.249      Morgantown, $2.124      Parkersburg, $2.146      Weirton, $2.104      Wheeling

   On the National Front

   This week, 30 states only saw an increase of a penny or two, causing the national average to push more expensive by three cents to $2.13 since last Monday. The national rise in gasoline prices has slowed, which can be partly tied to decreasing demand. Measuring at 7.87 million b/d, gasoline demand saw a small week-over-week decline and continues to be significantly lower (21%) compared to this week last year.

   Today’s national average is 19 cents more expensive than a month ago, but remains significantly cheaper – 53 cents – than a year ago.