The average price of gasoline across Northern West Virginia is one cent higher this week at $2.981 per gallon, according to AAA East Central’s Gas Price Report.
This week’s average prices: Northern WV Average
Average price during the week of May 17, 2021
Average price during the week of May 26, 2020
$2.981
$2.979
$1.931
The following is a list of the average prices in several West Virginia locations:
$3.058
$3.026
$2.979
$2.994
$2.979
$2.959
$2.876
$2.979
Bridgeport
Clarksburg
Huntington
Martinsburg
Morgantown
Parkersburg
Weirton
Wheeling
Trend Analysis:
AAA expects 37 million Americans to travel, mostly by car and plane, for the Memorial Day holiday weekend. These motorists will be greeted with the most expensive Memorial Day weekend gas prices since 2014. The national average has stabilized following the Colonial Pipeline cyberattack, but pump prices are likely to fluctuate leading up to the holiday weekend. Over the past weekend, the national gas price average declined a penny to $3.03, the first decrease in two weeks. While barely cheaper on the week, the average is 17 cents more than last month and $1.12 more expensive than last year.
At the close of Friday’s formal trading session, WTI increased by $1.64 to settle at $63.58. While a stronger dollar contributed to higher prices for the day, on the week crude prices declined amid coronavirus concerns. Additionally, new market concerns about inflation and the Energy Information Administration’s (EIA) weekly report revealing that total domestic crude inventories increased by 1.3 million barrels to 486 million barrels helped to reduce crude prices last week.