Press release from AAA:
Today’s national average price for a gallon of gasoline is $3.07, down 1 cent in the past week. One year ago, the price was $2.13. The New York State average is $3.13 – up 2 cents from last week. A year ago, the NYS average was $2.23.
AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia -- $3.08 (no change since last Monday)
- Buffalo- - $3.07 (up 3 cents since last Monday)
- Ithaca -- $3.11 (up 6 cents since last Monday)
- Rochester -- $3.10 (up 3 cents since last Monday)
- Rome -- $3.20 (up 3 cents since last Monday)
- Syracuse- - $3.12 (up 6 cents since last Monday)
- Watertown -- $3.17 (up 2 cents since last Monday)
The national average for a gallon of regular gasoline has decreased by one cent to $3.07. In its latest report, the Energy Information Administration (EIA) noted growth in gasoline demand and stocks. The increase in total supply, even as gas demand increased, has helped to limit pump price fluctuations this week on the national level.
However, local motorists aren’t seeing much relief at the pump, and rising crude oil prices could mean higher prices later this month.
As of this morning, oil prices remain over $71 per barrel. Until two weeks ago, crude prices hadn’t crossed the $70/bbl threshold since mid-October 2018.
From GasBuddy:
"The ferocious rise in gas prices has finally started to cool as gas prices have eased across a majority of the country for the first time in months," said Patrick De Haan, head of petroleum analysis for GasBuddy. "There have been some challenges in pockets across the country as demand remains very healthy, and stations in some areas where demand is very high struggle to keep up with demand thanks to the truck driver shortage.
"As we head toward the July 4 holiday, I'm optimistic that we'll continue to see prices slowly drift lower before possibly rising in later July or August should we see any disruptions from hurricane season. But for now it seems most Americans are simply happy to be getting outside and back to some sense of normal."
