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)
- Rochester – $4.38 (down 4 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.
Additionally, EIA reported that total domestic crude stocks increased last week. The recent growth in total domestic crude inventories also contributes to the current reduction in crude prices.
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