Oil Prices Rise But Remain Below $90 Per Barrel
Today’s national average price for a gallon of gasoline is $3.40, down 15 cents from one week ago. One year ago, the price was $3.36. The New York State average is $3.70, down 9 cents since last Monday. A year ago, the NYS average was $3.54. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.59 (down 3 cents from last week)
- Buffalo – $3.67 (down 6 cents from last week)
- Rochester – $3.70 (down 6 cents from last week)
Millions of drivers continue to see lower pump prices entering the final month of the year. The national average has fallen sharply since the June peak of nearly $5.02. Lower demand is being countered by some uncertainty in the oil markets. A price cap on barrels of Russian oil takes effect today. Sunday OPEC+ announced it will leave production quotas unchanged.
This morning, oil prices range from $81 to $87 per barrel, up from $74 to $81 one week ago.
Diesel fuel prices remain elevated with the national average at $5.08, down 14 cents from last week, but up from $3.11 one year ago. The New York average for diesel is $5.74, down 12 cents from last week and up from $3.75 one year ago.
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