Gas Prices to Start the New Year

Gas Prices to Start the New Year

Gas Prices Increase
Increases won’t last long
Lindsay Kensy

The start of the new year saw an increase in gas prices, with the national average price for a gallon of gasoline costing $2.49, an increase of five cents on the week. One year ago, the price was $2.35. The New York tate average is $2.64, up two 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:

  • Buffalo - $2.62 (no change in past week)
  • Ithaca - $2.60 (up 2 cents in past week)
  • Rochester - $2.56 (up 2 cents in past week)
  • Rome - $2.63 (up 5 cents in past week)
  • Syracuse - $2.55 (up 4 cents in past week)
  • Watertown - $2.66 (up 3 cents in past week)

High travel volumes over the holidays are to blame for the slight increase in prices. With the holiday season behind us, motorists can expect gas prices to trend cheaper this month as demand decreases.  The latest Energy Information Administration (EIA) report measures gasoline demand at a strong 9.5 million b/d, which is typical of the holiday season. However, historical data shows that in early January demand typical drops and stays below the 9 million mark for the first few months of the year.

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.