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Expect gas prices to remain above $3 through the summer driving season

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.17, up 2 cents in the past week. One year ago, the price was $2.20. The New York State average is $3.20 – up 1 cent from last week. A year ago, the NYS average was $2.27.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.17 (up 1 cent since last week)
  • Buffalo -- $3.12 (no change since last week)
  • Ithaca -- $3.17 (down 1 cent since last week)
  • Rochester -- $3.16 (no change since last week)
  • Rome -- $3.25 (no change since last week)
  • Syracuse -- $3.16 (no change since last week)
  • Watertown -- $3.22 (up 1 cent since last week)

The national average price for gasoline is on the rise after demand reached an all-time high. Summer travel is in full swing as many people look to vacation after the coronavirus pandemic put plans on hold for some time. A recent report from the Energy Information Administration (EIA) shows that gas demand decreased from the all-time high of 10.04 million b/d to 9.28 million b/d.

The decrease, alongside a one million bbl increase in total domestic gasoline stocks to 236.5 million, has helped to slow pump price increases. However, with oil prices above $70 per barrel, pump prices will likely remain high (above $3 per gallon) throughout the busy summer driving season.

From GasBuddy:

"Gas prices across the country have been a bit sideways in the last week with a mixed bag of decreases and increases, but overall, the national average hasn't seen much meaningful direction as oil prices remain under their early-July levels thus far, thanks to OPEC coming to an agreement on production over the weekend," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"OPEC's plan is to raise oil production by 400,000 bpd each month until 2022, at which time OPEC's oil production will be back at pre-COVID levels. It's a positive development in light of U.S. gasoline demand which last week rose nearly 2 percent, which should act as a loose ceiling on the price of oil, and could mean we're even closer to seeing a peak in the national average if we haven't already."

Gas demand on the rise, prices up slightly

By Howard B. Owens

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.15, up 2 cents in the past week. One year ago, the price was $2.20. The New York State average is $3.19 – up 1 cent from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.16 (up 2 cents since last week)
  • Buffalo -- $3.12 (no change since last week)
  • Ithaca -- $3.18 (no change since last week)
  • Rochester -- $3.16 (no change since last week)
  • Rome -- $3.25 (up 1 cent since last week)
  • Syracuse -- $3.16 (no change cents since last week)
  • Watertown -- $3.21 (up 1 cent since last week)

Gas demand is on the rise. In a recent report, the Energy Information Administration (EIA) noted that gas demand jumped from to 10.04 million barrels per day.

The estimated rate, which will likely be revised in a few months after verified data is available, is the highest weekly gas demand estimate released by EIA since 1991 and only reflects one day of the Independence Day holiday weekend.

Higher demand and a 6.1-million-barrel decline in total gas stocks over the holiday last week have pushed pump prices higher. If these trends continue, while the price of crude remains above $70 per barrel, American drivers can expect gas prices to continue climbing during the busy summer driving season.

From GasBuddy:

"While the national average has seen a slight rise over the last week, we may see some stabilization coming to the pump as oil prices hold just under their 2021 peak from last week," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Without additional crude oil supply coming online in the weeks ahead, we could see oil test $80 per barrel in the next couple of weeks. However, with U.S. gasoline demand falling slightly last week, we may have already seen peak consumption with the July 4 holiday.

"While the jury isn't quite in on that just yet, we're potentially only four to six weeks away from gas prices beginning a seasonal decline that we're likely all eagerly awaiting."

Dept. of Weights & Measures says gas stations' use of fuel credit/reward cards helps rural customers

By Press Release

From the Genesee -- Orleans County Department of Weights & Measures:

A majority of gas stations and fuel companies offer a variety of savings through the use of their credit/reward cards. These offers range from 3 to 25 cents off per gallon, which add up to huge savings over time.

“Often rural areas are burdened with higher fuel prices but these discounts bring us closer, if not below, the national average,” said Ronald P. Mannella, director of GO Health W&M. 

All fuel pumps within the two counties, roughly 450, are tested at least once annually. W&M inspects the pumps ensuring the correct amount is being dispensed as well as test fuel quality to confirm the octane/cetane is as labeled.

Throughout the year, the department tests more than 1,100 total devices using over 5 million pounds and 13,000 gallons of fuel!

Below is a list of stations within Genesee and Orleans counties that utilize credit/reward cards along with their website to learn more:

  • TOPS Markets

https://www.topsmarkets.com/gassavings/

Locations w/ Fuel: Medina, Batavia, Le Roy

  • Kwik Fill

https://www.kwikfill.com/charge-card

Locations: Medina, Albion, Batavia, Le Roy

  • Speedway

Locations: Batavia

https://www.speedway.com/speedyrewardsmastercard

  • 7-Eleven

Locations: Oakfield, Bergen   

https://onlineservices.secure.force.com/creditapplication/WexBOCA?pgm=7Eleven&cc=W7A&lc=wcs

  • Mobil Stations

Locations: Albion, Holley, Batavia, Pembroke, Elba

https://www.exxon.com/en

  • SUNOCO Stations

Locations: Medina, Clarendon, Kendall, Holley, Albion, Le Roy, Pavilion, Corfu

https://www.sunoco.com/consumer-credit-cards

  • Gulf Stations

Locations: Waterport

https://www.gulfoil.com/cards-payments#:~:text=The%20Gulf%20Card%20offers%20pay,fleet%20vehicles%20and%20company%20drivers.

  • CITGO Stations

Locations: Kent, Medina, Alexander, Attica, Batavia

https://www.citgo.com/payment-cards/rewards-card/rewards-card

  • Crosby’s

Locations: Clarendon, Kendall, Holley, Medina, Albion, Batavia, Byron, Corfu, Le Roy, Pavilion, Pembroke, Elba

https://crosbysstores.com/my-crosbys-rewards/

  • VP Fuel 

Locations: Holley

https://vpracingfuels.com/

  • Marathon

Locations: Lyndonville, Byron, Corfu, Batavia

https://www.marathonbrand.com/

  • Valero

Locations: Batavia

https://www.valero.com/

  • T&A

Locations: Corfu

https://www.ta-petro.com/

  • Pilot Flying J

Locations: Pembroke

https://pilotflyingj.com/rewards/

If you know of other fuel-saving opportunities please email: Ronald.Mannella@OrleansCountyNY.Gov and we will add it to this list.

High summer demand drives gas prices higher

By Howard B. Owens

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.13, up 3 cents in the past week. One year ago, the price was $2.18. The New York State average is $3.18 – up 3 cents from last week. A year ago, the NYS average was $2.25. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.14 (up 4 cents since last Monday)
  • Buffalo -- $3.12 (up 5 cents since last Monday)
  • Ithaca -- $3.18 (up 7 cents since last Monday)
  • Rochester -- $3.16 (up 6 cents since last Monday)
  • Rome -- $3.24 (up 2 cents since last Monday)
  • Syracuse -- $3.16 (up 2 cents since last Monday)
  • Watertown -- $3.21 (up 3 cents since last Monday)

Crude oil prices have significantly increased in the last seven months. Following the Independence Day holiday weekend, AAA expects crude oil prices, and in turn gas prices, to increase and stay expensive through the end of summer.

The market has supported increasing crude oil prices in reaction to these variables:

  • Confidence in worldwide vaccination rollout;
  • Global oil demand spikes;
  • Easing of travel restrictions and optimism for leisure travel.

Crude oil accounts for more than half of the price at the pump. As it increases, so does the price consumers pay.

Press release from GasBuddy:

"Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years, and in the process, we could have set new all-time records for consumption," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, WTI crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market.

"For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed no where but up until global supply starts to catch up with the continued surge in demand."

'Americans insatiable demand for gasoline' pushing prices higher

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.10, up 3 cents in the past week. One year ago, the price was $2.18. The New York State average is $3.15 – up 2 cents from last week. A year ago, the NYS average was $2.25. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.10 (up 2 cents since last Monday)
  • Buffalo -- $3.07 (no change since last Monday)
  • Ithaca -- $3.11 (no change since last Monday)
  • Rochester -- $3.10 (no change since last Monday)
  • Rome -- $3.22 (up 2 cents since last Monday)
  • Syracuse -- $3.14 (up 2 cents since last Monday)
  • Watertown -- $3.18 (up 1 cent since last Monday)

Demand for gasoline is on the rise as schools have wrapped up and summer travel is in full swing. Crude prices remain well over $70 per barrel. Crude prices continue to ascend due to optimism that vaccine rollout will continue to help crude demand recover.

In fact, the price of crude crossed the $73 per barrel threshold last week for the first time in nearly three years. Daily crude prices have not been this high since October 2018.

Increasing crude prices, while gas demand remains high, are pushing pump prices higher ahead of the Independence Day holiday weekend. For the holiday, AAA expects 43 million Americans to drive to their destinations. That is the highest on record for this holiday and 5 percent more than the previous record in 2019.

From GasBuddy: 

"With oil's continued push higher, fueled by continued strong demand globally and production only slowly answering, gasoline prices have had no choice but following the national average last week setting a new 2021 high," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"As we approach July 4, it appears the only way forward is for gas prices to continue their rise as Americans insatiable demand for gasoline continues to be the catalyst for the rise in price.

"With hurricane season soon coming into its prime, we have plenty of catalysts for a rise in price, and few that could restrain the situation. Motorists should prepare to dig deeper for the second half of the summer, unfortunately."

Gas prices remain largely unchanged

By Howard B. Owens

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."

Gas prices rise, up six cents in Batavia area

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.08, up 3 cents in the past week. One year ago, the price was $2.10. The New York State average is $3.11 – up 2 cents from last week. A year ago, the NYS average was $2.22.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.08 (up 6 cents since last Monday)
  • Buffalo -- $3.04 (up 3 cents since last Monday)
  • Ithaca -- $3.05 (up 2 cents change since last Monday)
  • Rochester -- $3.07 (up 4 cents since last Monday)
  • Rome -- $3.17 (up 2 cents since last Monday)
  • Syracuse -- $3.06 (up 2 cents since last Monday)
  • Watertown -- $3.15 (up 1 cent since last Monday)

Motorists are in for an unpleasant surprise at gas pumps this week as prices jumped across the region. Gas demand dropped following Memorial Day travel while total domestic gas stocks increased -- typically, lower gas demand amid growing stocks would help push pump prices down, but the increasing price of crude has pushed prices up instead. 

Last week, crude prices crossed the $70/bbl threshold, a point not seen since mid-October 2018. Crude prices have increased due to optimism that vaccine rollout will continue to help crude demand recover and after the U.S. Consumer Price Index showed that prices increased by 5 percent in May, compared to last year, a larger increase than expected.

The new report is fanning market concerns that inflation is driving prices higher. Weeks ago, analysts predicted that gas prices would drop by Father’s Day, but if domestic crude prices remain high, American drivers will likely continue to see pump prices fluctuate through the end of the month.

From GasBuddy:

"We've seen the national average gas price continue to inch higher as oil prices have reached $71 per barrel, the highest since 2018, as gasoline demand continues to rebound," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Strong gasoline demand as states and cities reopen will likely continue to be a major factor keeping gas prices elevated even as oil production climbs in the months ahead.

"With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future. Motorists can continue to fight the high gas prices by remembering to shop around each time they get below half a tank."

Area gas prices up slightly as national average remains unchanged

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.05, no change since Memorial Day. One year ago, the price was $2.02. The New York State average is $3.09 – up 1 cent from Memorial Day. A year ago, the NYS average was $2.20.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.02 (up 2 cents since last Monday)
  • Buffalo -- $3.01 (up 2 cents since last Monday)
  • Ithaca -- $3.03 (up 3 cents change since last Monday)
  • Rochester -- $3.03 (no change since last Monday)
  • Rome -- $3.15 (up 3 cents since last Monday)
  • Syracuse -- $3.04 (no change since last Monday)
  • Watertown -- $3.14 (up 1 cent since last Monday)

The latest Energy Information Administration report with new gas demand data shows demand dropped from 9.48 million b/d to 9.15 million b/d, while total domestic gas stocks increased by 1.5 million. The demand decrease and supply increase has helped to stabilize pump prices nationally and will likely help prices remain stable into summer. If that happens, local price should begin to stabilize, too.

Crude prices increased after the Organization of the Petroleum Exporting Countries (OPEC), and its allies including Russia, announced they still plan to gradually increase crude production in July. The move could help reduce pump prices later this summer, but the amount of the price reduction will depend on how well OPEC and its allies adhere to their agreement and if the additional production is not met with higher demand. OPEC and its allies will meet again on July 1 to review their production agreement.

From GasBuddy:

"We're entering our fourth straight week with the national average above the key $3 per gallon level, but while gas prices haven't broken past the low $3s, they have also failed to decline much from their peak as demand for gasoline continues to push higher as the summer driving season is underway," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"According to GasBuddy data, gasoline demand last week eclipsed the prior week, when millions of Americans were gearing up for Memorial Day travel, not an easy feat, but highlights that economic conditions are ripe for continued growth in demand, contributing to prices holding at high levels.

"As OPEC has maintained a slow but steady increase in oil production, that additional production is quickly being gobbled up by a global economy that continues to recover. Our current gas prices likely won't change much by July 4, but remain stubbornly high, barring any major curveballs to supply and demand."

Gas prices hold steady even as demand increases

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.05, up 1 cent from last Monday. One year ago, the price was $1.98. The New York State average is $3.08 – up 1 cent from last Monday. A year ago, the NYS average was $2.18.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3 (no change since last week)
  • Buffalo -- $3 (no change since last week)
  • Ithaca -- $3 (no change since last week)
  • Rochester -- $3.03 (up 1 cent since last week)
  • Rome -- $3.12 (up 3 cents since last week)
  • Syracuse -- $3.04 (up 1 cent since last week)
  • Watertown -- $3.13 (up 1 cent since last week)

Pump prices increased slightly over the past week as demand increased with Memorial Day travel. Motorists were able to avoid drastic holiday hikes at the pump following large increases in prices when the Colonial Pipeline was offline.

Analysts had predicted lower prices by Father’s Day, but demand continues to increase.

For the week ending May 21, demand jumped to 9.4 million barrels per day — the highest reported number since early March 2020 and up nearly 30 percent over the same week last year, indicating motorists are filling up more frequently.

Gasoline supply and demand levels are looking more like typical summer numbers as demand has steadily jumped week-over-week since the end of April and supply declines.

The increasing demand and decreasing supply combined with more expensive crude oil prices mean gas prices are likely to fluctuate throughout June.

From GasBuddy:

"With the summer driving season now officially begun, gas prices have clung to a $3 per gallon average on continued strong demand as Americans take to the roads amidst a continued economic recovery," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Through Sunday, U.S. gasoline demand was very strong over the weekend, with Friday and Sunday both setting new Covid records for gasoline consumption for their respective day of week, according to GasBuddy data.

"While gasoline demand continues to recover, oil production has only slowly started gaining momentum after a very challenging 2020 forced oil companies to take several steps backward as prices and demand plummeted last year. While oil production is now moving in the right direction, we're in catch up mode to searing hot gasoline demand, and the imbalance has pushed prices up notably.

"For now, there's little chance of a backslide in gas prices, but a larger chance that this summer could boast near-record gasoline demand as Americans hit the road, but remain mostly stuck to the U.S. due to overseas travel challenges that persist."

Average gas price up 4 cents locally

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.04, down one cent from last Monday. One year ago, the price was $1.96. The New York State average is $3.07 – up one cent from last week. A year ago, the NYS average was $2.18. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3 (up 4 cents since last week)
  • Buffalo- - $3 (up 4 cents since last week)
  • Ithaca -- $3 (up 2 cents since last week)
  • Rochester -- $3.02 (up 3 cents since last week)
  • Rome -- $3.09 (up 2 cents since last week)
  • Syracuse -- $3.03 (up 3 cents since last week)
  • Watertown -- $3.12 (up 5 cents since last week)

*Note: for the markets that just hit $3 a gallon – prices were rounded up – Batavia is $2.996, Buffalo is $2.999, Ithaca is $2.995

After a week of pump price spikes, the national average for a gallon of regular gasoline is holding steady at $3.04 after a ransomware attack on Colonial Pipeline that halted its operations and severely constrained the delivery of gasoline along the East Coast and Southeast.

According to new data from the Energy Information Administration (EIA), demand is up while supply is down slightly. With the gasoline distribution system continuing to recover from the attack and grappling with a shortage of gasoline tanker drivers, higher refinery utilization rates will ensure refined products, including gasoline, continue to flow where they are most needed.

Prices may fluctuate this week as we approach Memorial Day weekend. Drivers should fill up now as prices may increase slightly with holiday demand.

From GasBuddy:

"In the lead up to Memorial Day, we haven't seen gas prices come down much, though with oil's recent move lower, we should start to see more drops at the pump materialize in the days ahead," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"With the Colonial Pipeline situation continuing to improve in Southeastern states, fueling up for the holiday weekend shouldn't be too challenging, save for a few pockets in Georgia, North Carolina and South Carolina, where outages remain a bit higher than neighboring states.

"For those hitting the road, we should see prices inch lower in the coming week through at least Memorial Day, so motorists need not rush to fill their tanks as the drop in oil prices should manifest into lower gas prices as we begin the summer driving season."

Drivers should expect higher prices for Memorial Day travel

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.05, up eight cents from last Monday. One year ago, the price was $1.88. The New York State average is $3.06 – up six cents from last week. A year ago, the NYS average was $2.16. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.96 (up 2 cents since last week)
  • Buffalo -- $2.96 (up 3 cents since last week)
  • Ithaca -- $2.98 (up 3 cents since last week)
  • Rochester - $2.99 (up 2 cents since last week)
  • Rome -- $3.07 (up 4 cents since last week)
  • Syracuse -- $3 (up 6 cents since last week)
  • Watertown -- $3.07 (up 4 cents since last week)

The Colonial Pipeline shutdown lead to an increase in gas prices at the national level at a time when prices were already rising due to higher crude prices and demand ahead of Memorial Day. The national average is now topping $3 per gallon.

States that have been experiencing supply strain should get relief with a decline in prices in coming days. Yet Memorial Day typically brings some of the highest prices of the year. AAA does not expect the recent rise in prices to deter Memorial Day travelers.

From GasBuddy:

"The national average gas price surged last week thanks to big price jumps in Southeastern states due to the previously shut down Colonial Pipeline, but most areas outside that region saw smaller fluctuations," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With the pipeline now back in service, I expect prices to come down in the hardest hit states, specifically the Carolinas, Georgia, Tennessee, Florida and Virginia.

"The drops should lead the national average to soon fall back under the $3 per gallon mark, but motorists shouldn't get too excited- prices may start to head higher in a few weeks should Memorial Day gasoline demand be red hot. In addition, motorists in the affected areas should see outage numbers continue to decline this week, especially early in the week when gasoline demand tends to be lowest. I'm optimistic that there will be enough recovery by Memorial Day for motorists in these states to fill up without having to search for gasoline."

Gas prices rise after cyberattack on pipeline

By Press Release

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.97, up 7 cents from last Monday and up three cents since Thursday. One year ago, the price was $1.84. The New York State average is $3 – up 5 cents from last week. A year ago, the NYS average was $2.16.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.94 (up 5 cents since last week)
  • Buffalo -- $2.93 (up 5 cents since last week)
  • Ithaca -- $2.95 (up 5 cents since last week)
  • Rochester -- $2.97 (up 6 cents since last week)
  • Rome -- $3.03 (up 6 cents since last week)
  • Syracuse -- $2.94 (up 5 cents since last week)
  • Watertown -- $3.03 (up 6 cents since last week)

A cyber attack has led to the Colonial Pipeline shutting down – the pipeline runs from Texas to New Jersey and supplies about half of the fuel that is used on the East Coast. The situation has led to an increase in oil prices and gas prices, which were already on the rise due to spring demand.

The impact will be based on the amount of time the pipeline is shut down - if the pipeline reopens in a matter of days, little disruption is expected. However, a longer shutdown could result in supply concerns and other issues. In 2016, the pipeline shutdown after an explosion, and gas prices increased, but there were no other problems in this region.

From GasBuddy:

"While average gas prices jumped last week as the nation continues to see COVID-19 recovery, all eyes are now on the Colonial Pipeline and the fact a cyberattack has completely shut all lines, leading to what could become a major challenge for fuel delivery," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"The situation is growing more intense each day that passes without the pipeline restarting, and motorists are advised to show extreme restraint or exacerbate and prolong the challenges. If the pipeline returns to service in the next day or two, the challenges will be minimal, but if full restart doesn't happen by then, we're likely to see a slight rise in gas prices, but more importantly, challenges for motorists needing fuel in Georgia, Tennessee, the Carolinas, Virginia, Northern Florida and surrounding areas.

"I'm hopeful the situation will quickly improve as multiple levels of government are involved, this may become a nightmare should it continue just ahead of the start of the summer driving season. GasBuddy will continue to watch the situation and update as necessary."

With rise in demand as COVID wanes, analysts foresee $3 a gallon for gas

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.90, up 1 cent from last week. One year ago, the price was $1.78. The New York State average is $2.95 – up 3 cents from last week. A year ago, the NYS average was $2.16.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.89 (up 1 cent since last week)
  • Buffalo -- $2.88 (up 2 cents since last week)
  • Ithaca -- $2.90 (up 3 cents since last week)
  • Rochester -- $2.91 (up 3 cents since last week)
  • Rome -- $2.97 (up 2 cents since last week)
  • Syracuse -- $2.89 (up 1 cent since last week)
  • Watertown -- $2.97 (up 2 cents since last week)

Gasoline stocks increased in the United States last week and oil prices remain up over $60 per barrel. Prices jumped after OPEC confirmed plans to increase crude production in May. 

From GasBuddy:

"The nation's gas prices perked up again last week as oil prices advanced to fresh multi-year highs on Covid improvements overseas and the switch to summer gasoline, which is basically now complete," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Last week saw the national average hit its highest level in two years, and with continued recovery in gasoline demand, the increase in price is likely to continue into the future.

"Americans may now want to brace themselves for the possibility of a $3/gal national average in the weeks ahead, as demand remains strong as Americans take to the roads. The question going forward is how much demand will continue to recover and rise -- will it lead to record summer gasoline demand? We indeed may see some weeks with new records as Americans get in their cars this summer -- but the question is, how many will do so? That will determine how much higher prices will go."

Average gas price up 3 cents in Batavia area

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.89, up 2 cents from last week. One year ago, the price was $1.78. The New York State average is $2.92 – up 3 cents from last week. A year ago, the NYS average was $2.19.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.88 (up 3 cents since last week)
  • Buffalo -- $2.86 (up 4 cents since last week)
  • Ithaca -- $2.87 (up 1 cent since last week)
  • Rochester -- $2.88 (up 1 cent since last week)
  • Rome -- $2.95 (up 1 cent since last week)
  • Syracuse -- $2.88 (up 1 cents since last week)
  • Watertown -- $2.95 (no change since last week)

Last week’s demand estimate is one of the highest since March 2020. A year ago, social distancing restrictions were established that dramatically reduced gas demand.

Now, the demand for fuel is in line with the typical spring driving season rates seen pre-pandemic. Continued growth in total domestic supply will likely help to keep pump prices from spiking dramatically.

From GasBuddy:

"Last week saw limited upward movement in gas prices, tying the previous high water mark we last saw in March, signaling that perhaps we may see additional upside as most states in the nation have finished the transition to EPA-mandated summer gasoline," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"While gasoline demand did dip last week for the third straight week according to GasBuddy data, it was yet another small decline, and as temperatures continue to warm ahead of summer, it wouldn't surprise me that demand will rebound in the weeks ahead and we could continue to see gas prices push higher.

"For now, however, it doesn't appear that any rise in price would be significant, so motorists shouldn't be too concerned at this point, but may see see average prices inch higher."

A year after most of country in lockdown, gas prices up a buck

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $2.87, up 1 cent from last week. One year ago, the price was $1.82. The New York State average is $2.89 – no change 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 -- $2.85 (up 1 cent since last week)
  • Buffalo -- $2.82 (no change since last week)
  • Ithaca -- $2.86 (down 1 cent since last week)
  • Rochester -- $2.87 (no change since last week)
  • Rome -- $2.94 (up 1 cent since last week)
  • Syracuse -- $2.85 (no change since last week)
  • Watertown -- $2.95 (no change since last week)

The national average gas price is now $2.87 – up $1.05 from last year when most of the country was on lockdown. Current demand has tapered since Easter vacations are complete. Demand will likely increase as more communities open and students head back to in-person learning. Gasoline stocks recovered with an increase last week keeping gas prices flat. Typically gas prices reach their highest level of the year as Memorial Day approaches.

From GasBuddy:

"Gas prices have remained largely stable in the last week across much of the country with the exception of the West Coast, where prices in some areas continue to advance, mainly in California as summer gasoline and healthy demand have boosted prices, but for everyone else, we're far removed from the fast pace of increases we saw earlier this year," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Gasoline demand has given up ground for the second straight week, likely due to some areas seeing a rise in coronavirus cases, and as spring break plans conclude. The next trend in gas prices isn't evident just yet, we may see additional slight sideways moves in the weeks ahead, until either demand starts to increase notably again, or we see the opposite."

Drop in overseas demand due to COVID continues to stave off gas price surge

By Press Release

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.86, down 1 cent from last week. One year ago, the price was $1.87. The New York State average is $2.89 – down a penny from last week. A year ago, the NYS average was $2.26.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia-- $2.84 (down 1 cent since last week)
  • Buffalo -- $2.82 (no change since last week)
  • Ithaca --$2.87 (down 1 cent since last week)
  • Rochester -- $2.87 (no change since last week)
  • Rome -- $2.93 (no change since last week)
  • Syracuse -- $2.85 (no change since last week)
  • Watertown -- $2.95 (no change since last week)

Vaccinations, warmer weather and Easter travel all contributed to an increase in demand for gasoline this past week. Due to the jump in demand, gasoline supplies tightened and reached their lowest level of the year.

Meanwhile, oil prices are down a bit this morning, which could help keep gas prices below $3 per gallon.

From GasBuddy:

"It has been a fairly tame last few weeks at the pump for most areas after a particularly active February and March when prices were screaming higher," said Patrick De Haan, head of petroleum analysis for GasBuddy. "After surging back then, we've seen the price increases fade, and while we haven't seen much of a decline, prices have been holding near their yearly highs.

"For now, it feels like the risk of seeing the national average climb to $3/gal has been delayed by a recent surge in COVID-19 cases both here and abroad, limiting the upside to gasoline demand.

"But should things begin to improve, especially as we get closer to the start of the summer, we still have potential to see summer gas prices at their highest levels in years. Make no mistake, gas prices this year will be tied to the hip of the COVID situation."

Mixed messages for gas prices

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $2.87, up 1 cent from last week. One year ago, the price was $1.94. The New York State average is $2.90 – down a penny from last week. A year ago, the NYS average was $2.30.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.85 (up 1 cent since last week)
  • Buffalo -- $2.82 (down 1 cent since last week)
  • Ithaca -- $2.88 (no change since last week)
  • Rochester -- $2.87 (down 1 cent since last week)
  • Rome -- $2.93 (no change since last week)
  • Syracuse -- $2.85 (down 1 cent since last week)
  • Watertown -- $2.95 (no change since last week)

Oil prices are down a bit while Easter travel is in full swing, leading to mixed news on gas prices. Demand is up as many families are traveling for Easter break. At the same time, refineries are switching over to summer-blend gasoline, which is more expensive to produce. Gas prices typically reach their highest level of the year as we approach Memorial Day.

From GasBuddy:

"Last week was a mixed bag for consumers at the pump as gas prices in half of states rose, while the other half saw declines, with March closing like a lamb after starting out like a lion," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Oil prices have shown signs of strength in the last few trading sessions, as OPEC agreed to raise oil production starting in May by a very modest 350,000 barrels per day. Overall, it's a small increase in output as global demand continues to show strength in light of Covid-related improvements.

"U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter, and with demand growth likely to remain robust, we may see a second attempt at a run at a national average of $3 per gallon in the months ahead. While the last few weeks have seen gas prices hold mostly steady, it's not likely to last forever, especially as Americans increasingly get outside as warmer temperatures return."

Gas Prices: Increased supply, weaker demand in Europe balance stronger demand in U.S.

By Press Release

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.86, down 2 cents from last week. One year ago, the price was $2.02. The New York State average is $2.91 – no change from last week. A year ago, the NYS average was $2.34.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.84 (down 1 cent since last week)
  • Buffalo -- $2.83 (no change since last week)
  • Ithaca -- $2.88 (no change since last week)
  • Rochester -- $2.88 (down 1 cent since last week)
  • Rome -- $2.93 (down 1 cent since last week)
  • Syracuse -- $2.86 (down 1 cent since last week)
  • Watertown -- $2.95 (no change since last week)

Growing stock levels have helped to put downward pressure on pump prices, according to the latest weekly report from the Energy Information Administration (EIA).

The national average decreased despite rising gas demand, which will likely continue through the Easter travel week.

Crude prices dropped last week due to continuing market concern that crude demand will drop as Europe increases restrictions to curb growing coronavirus infection rates and now hover at $60 to $64 per barrel.

There are concerns, however, that the blocked congested Suez Canal will stall slow the supply chain for petrochemical products coming from the Middle East, leading to a possible spike in prices.

From GasBuddy: 

"After the feverish rise in gas prices to start the year, increases have largely tapered off and we're now seeing decreasing prices in most areas of the country, thanks to oil prices that have moderated for the time being," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"As the Suez Canal has remained was blocked for nearly a week, we could see some volatility in the price of oil this week as the market digests any updates as hundreds of ships remain in limbo.

"Back stateside, refiners have made the switch to summer gasoline and price impacts have been limited thus far, but demand for gasoline remains strong. Last week saw total gasoline demand at yet another pandemic high according to GasBuddy data.

"As we approach warmer weather and motorists are increasingly getting outside, it could drive prices higher, so long as COVID-19 cases don't jump along with it and lead to new travel restrictions."

As some countries see rise on COVID-19 cases, gas prices slow climb

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $2.88, up 2 cents from last week. One year ago, the price was $2.14. The New York State average is $2.91 – up a penny from last week. A year ago, the NYS average was $2.41.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.85 (up 1 cent since last week)
  • Buffalo -- $2.83 (up 1 cent since last week)
  • Ithaca -- $2.88 (up 1 cent since last week)
  • Rochester -- $2.89 (up 2 cents since last week)
  • Rome -- $2.94 (up 2 cents since last week)
  • Syracuse -- $2.87 (up 2 cents since last week)
  • Watertown -- $2.95 (up 3 cents since last week)

Gas prices continue to increase this week. However, increased gasoline stocks and a decrease in demand have helped to slow the rate at which prices have increased. Total domestic gas stocks are up while demand is down slightly.

Gas prices continue to increase, but if these trends continue, prices will increase at a slower rate than Americans have seen since the beginning of the month.

Crude prices are fluctuating over market concern that demand may stumble as some countries restart coronavirus restrictions to curb growing infection rates. 

GasBuddy:

"With oil prices finally sagging over the last week on inflation fears and worries about a surge in COVID-19 cases in Europe impacting oil demand, motorists filling their tanks may soon see a brief respite from rising gas prices," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"While gasoline demand last week rose to its highest level since the pandemic began, concerns that oil demand growth will stall with COVID-19 cases surging in Europe are eroding oil's recent rise. While gas prices still rose in a majority of states last week, we may see some price decreases in the week or weeks ahead, even as U.S. gasoline demand continues to rally to the highest level since the pandemic started nearly a year ago.

"It'll be a bumpy road the next few weeks as markets sort out the bearish and bullish factors, but I still believe prices will likely experience more upward momentum ahead of Memorial Day."

Increased demand, decreased supply push gas prices higher again

By Howard B. Owens

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.86, up 9 cents from last week. One year ago, the price was $2.27. The New York State average is $2.90 – up 7 cents from last week. A year ago, the NYS average was $2.50.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.84 (up 8 cents since last week)
  • Buffalo -- $2.82 (up 5 cents since last week)
  • Ithaca -- $2.87 (up 7 cents since last week)
  • Rochester -- $2.87 (up 6 cents since last week)
  • Rome -- $2.92 (up 6 cents since last week)
  • Syracuse -- $2.85 (up 5 cents since last week)
  • Watertown -- $2.92 (up 6 cents since last week)

Rising crude prices, tightening gas supplies, and increased gas demand continue to drive pump prices to higher ground. According to new data from the Energy Information Administration (EIA), total domestic gas stocks are down while demand is up. Last week’s demand measurement is the highest since the end of November 2020. If these trends continue alongside higher crude prices, drivers can expect pump prices to increase.

From GasBuddy:

"As Americans turn optimistic on COVID-19 pandemic recovery, we've been seeing insatiable demand for gasoline, which continues to recover far faster than oil production," said Patrick De Haan, head of petroleum analysis for GasBuddy. "According to GasBuddy data, last week's gasoline demand was just 1 percent below the pre-pandemic level, an extremely bullish factor likely to continue driving gas and oil prices up in the short term.

"The recovery in the last few weeks has been astounding -- both the speed and overall volume increases we've seen in our data lend credibility to the recovery, and perhaps will lead to continued price increases due to the continued imbalance between supply and demand.

"It's no longer a question of if we'll see gasoline demand return to near normal this year but when, and will oil producers rise to the occasion and be able to quickly ramp up output, or are we going to see the highest summer prices since 2014 until they jump into action? Only time will tell, but it's looking like things are heating up far more than expected since the start of the year."

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