Gas Prices on the Rise

Gas Prices on the Rise

Gas Prices Increase
Winter hasn’t stopped gas prices from pushing higher
Elizabeth Carey

Today’s national average price for a gallon of gasoline is $2.54, which is up one cent from one week ago. One year ago, the price was $2.31. The New York State average is $2.70, up three cents from last week. A year ago, the NYS average was $2.53.

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

  • Batavia (NEW AAA GAS MARKET) - $2.60
  • Buffalo - $2.64 (up 1 cent in past week)
  • Ithaca - $2.66 (up 1 cent in past week)
  • Rochester - $2.63 (up 1 cent in past week)
  • Rome - $2.69 (up 3 cents in past week)
  • Syracuse - $2.63 (up 2 cents in past week)
  • Watertown - $2.71 (up 3 cents in past week)

Pump prices continue to increase after the Energy Information Administration’s (EIA) latest petroleum report for the week ending on January 12 showed that gross refinery runs dropped by 420,000 b/d (barrels per day) on the week, landing at 17.2 million b/d. Although the refinery run rate dropped, it is still north of 17 million – a rate typically seen during the busy, more expensive summer driving season – helping to push prices higher than they were at the same time last year.

EIA’s report also revealed that gasoline output increased to 9.578 million b/d, a gain of nearly 450,000 b/d from the previous week. The jump in gasoline production occurred while demand dropped 150,000 b/d, exports topped 950,000 b/d, and total gasoline stocks in the country grew by 3.6 million bbl. If these trends continue, drivers may see gas prices creep up further.

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.