Press release from Automobile Association of America:
Today’s national average price for a gallon of gasoline is $4.25, down 8 cents from last week. One year ago, the price was $2.88. The New York State average is 4.37, down 8 cents from last week. A year ago, the NYS average was $2.92. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia - $4.35 (down 3 cents from last week)
- Buffalo - $4.37 (down 3 cents from last week)
- Elmira - $4.31 (down 10 cents from last week)
- Ithaca - $4.33 (down 11 cents from last week)
- Rochester - $4.38 (down 4 cents from last week)
- Rome - $4.30 (down 10 cents from last week)
- Syracuse - $4.33 (down 9 cents from last week)
- Watertown - $4.34 (down 7 cents from last week)
Drivers are getting a bit of relief at the pump as gas prices are down across the region. Oil prices are near $110 per barrel this morning rather than over $130 two weeks ago. In August, oil prices were $30 per barrel. Oil prices dropped last week when China announced COVID-19 lockdowns last week.
From Gas Buddy:
“GasBuddy, last week, predicted that a top was in for the national average price of gasoline, and indeed, for the first time in 12 weeks, the national average price of gasoline has declined. While the decline is still subject to changes in global supply and demand, Covid and Russia's war on Ukraine, we are poised to see additional downdrafts at the pump this week in most areas," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, gasoline demand has shown absolutely no signs of buckling under the pressure of higher prices, even as California nears an average of $6 per gallon, with spring break travel well underway. If the situation does worsen, with more oil being kept away from global markets, it's not impossible that gas prices would still have to climb a considerable amount for Americans to start curbing their insatiable demand for gasoline."
