Gas Prices Drop Across the Region

Gas Prices Drop Across the Region

Demand picks up, but pump prices stay down thanks to ample supply
Elizabeth Carey
Demand picks up, but pump prices stay down thanks to ample supply

Today’s national average price for a gallon of gasoline is $3.07, down one cent from last Monday. One year ago, the price was $3.30. The New York State average is $3.28, down four cents from one week ago. A year ago, the NYS average was $3.44. AAA Western and Central New York (AAA WCNY) reports the following averages:

•    Batavia - $3.32 (down 6 cents from last Monday)
•    Buffalo - $3.41 (down 4 cents from last Monday)
•    Elmira - $3.03 (down 7 cents from last Monday)
•    Ithaca - $3.28 (down 5 cents from last Monday)
•    Rochester - $3.33 (down 5 cents from last Monday)
•    Rome - $3.34 (down 1 cent from last Monday)
•    Syracuse - $3.30 (down 2 cents from last Monday)
•    Watertown - $3.17 (down 1 cent from last Monday)

Since last week, demand for gasoline picked up a bit while total domestic gasoline stocks increased significantly. While prices are down across the board, the slight uptick in demand has limited pump price drops. This morning, oil prices range from $73 to $78 per barrel, the same as one week ago. The mid-winter blahs will likely keep pump prices waffling a few cents up and down for the immediate future. Analysts are also keeping an eye on frigid temps that can affect refinery production.

Diesel prices are also moving lower. The national average price for diesel is $3.92, down three cents from one week ago, and down from $4.61 a year ago. The New York average for diesel is $4.41, down three cents from a week ago, and lower than $5.29 one year ago. 

To conserve fuel, motorists should map routes, avoid peak traffic times like rush hour, and combine errands into one trip while using cruise control when possible. Drivers should also make sure tire pressure is at the vehicle’s recommended level for the best gas mileage while removing any unnecessary and bulky items from the car since it takes more fuel to accelerate a heavy vehicle. Get more tips here: https://gasprices.aaa.com/news/fuel-saving-tips/. Motorists can benefit from comparing pump prices before filling up with the AAA Mobile App for iPhone, iPad, and Android. 

AAA members receive discounts at gas stations such as Fastrac, Maple Leaf Market and Shell. Learn more here. AAA members can save on gas by joining the Fuel Rewards at Shell program. Join now at AAA.com/Shell. Motorists can also locate gas prices across the country and stay up-to-date on news and fuel-saving tips at http://gasprices.AAA.com.