Gas Price Increases Won't Last Long

Gas Price Increases Won't Last Long

Gas Prices Increase
Elizabeth Carey

Today’s national average price for a gallon of gasoline is $2.49, which is the same price as one week ago. One year ago, the price was $2.37. The New York State average is $2.67, up three cents from last week. A year ago, the NYS average was $2.54.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Buffalo - $2.62 (no change in past week)
  • Ithaca - $2.63 (up 3 cents in past week)
  • Rochester - $2.61 (up 5 cents in past week)
  • Rome - $2.65 (up 2 cents in past week)
  • Syracuse - $2.61 (up 6 cents in past week)
  • Watertown - $2.68 (up 2 cents in past week)

For the past week, the national average has held steady at its current price, reflecting a leveling out in the market after a busy holiday travel season. The flat price follows the Energy Information Administration’s (EIA) latest weekly petroleum report showing a drop in demand. Although the number fell by a significant amount, the demand figure was still nearly 200,000 b/d (barrels per day) higher than last year’s number at the same time, which contributed to the higher prices drivers paid at the pump during the 2017 holiday season. With lower demand, gasoline stocks around the country grew by 4.8 million barrels last week.

Motorists can always find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Locate gas prices across the country at http://gasprices.aaa.com.

AAA WCNY wants to remind members that they can receive discounts at NOCO gas stations, as well as Fastrac locations. Learn more here. You can find the lowest prices in your area at http://aaa.opisnet.com/index.aspx.