Today’s national average price for a gallon of gasoline is $3.41, down one cent since last Monday. One year ago, the price was $3.53. The New York State average is $3.49, down 3 cents since last Monday. A year ago, the NYS average was $3.75. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.37 (down 2 cents from last Monday)
- Buffalo – $3.40 (down one cent from last Monday)
- Rochester – $3.46 (down one cent from last Monday)
The national average for a gallon of gas is down a penny this week while prices in New York have fallen slightly across the board. Fewer people are filling up and oil prices remain relatively low. This morning oil prices range from $77 to $84 per barrel, well off the highs we saw last year.
Diesel prices are also falling. The national average price for a gallon of diesel is $4.49, down 6 cents from a week ago. Here in New York the current average for diesel is $5.13, down 6 cents from last week.
According to new data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.43 million to 8.27 million b/d last week. Meanwhile, total domestic gasoline stocks increased by 2.3 million bbl to 241.9 million bbl last week. If gas demand remains low, drivers may see only moderate price increases amid growing total domestic stocks.
