Press release from AAA:
Today’s national average price for a gallon of gasoline is $2.10, which is 7 cents higher than a week ago. One year ago, the price was $2.70. The New York State average is $2.22 – 2 cents higher than last week. A year ago, the NYS average was $2.87.
AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia -- $2.25 (no change since last week)
- Buffalo -- $2.19 (no change since last week)
- Ithaca -- $2.12 (up 1 cent since last week)
- Rochester -- $2.21 (up 1 cent since last week)
- Rome -- $2.24 (up 3 cents since last week)
- Syracuse -- $2.11 (up 1 cent since last week)
- Watertown --$2.22 (up 3 cents since last week)
The national average gas price is on the rise along with demand. According to new data from the Energy Information Administration (EIA), gas demand has continued to increase. If demand continues to trend higher, motorists will likely see pump prices continue to increase through the end of the month.
Oil prices are mixed and domestic crude prices decreased last week amid increased market concern that a second wave of COVID-19 may emerge and could lead to another reduction in crude demand. Domestic crude inventories are up and that also helped push oil prices down.
From GasBuddy:
"As gasoline demand continues on the road to recovery, the national average has advanced for another week, making it seven straight weeks of rising gas prices as the easing coronavirus situation inspires more Americans to hit the road," said Patrick De Haan, head of petroleum analysis for GasBuddy.
"Data from Pay with GasBuddy shows U.S. gasoline demand rose 2.4 percent last week to its highest level in over three months, giving renewed confidence that amidst OPEC's crude oil cutbacks, supply will remain in check. I expect the upward trend to continue across most of the country ahead of July 4, with prices perhaps rising another 10-20 cents by then.
"The one thing that could bring restraint to rising gas prices is if we see a significant second wave of COVID-19 cases, but for now, I'm optimistic that won't happen."
