Low cost of oil keeps pump prices down
Today’s national average price for a gallon of gasoline is $3.54, no change from last Monday. One year ago, the price was $4.68. The New York State average is $3.68, no change from a week ago. A year ago, the NYS average was $4.81. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.58 (down 3 cents from last Monday)
- Buffalo – $3.65 (down one cent from last Monday)
- Rochester – $3.71 (no change from last Monday)
Drivers are seeing consistent gas prices at the pump coming out of the July 4th holiday. With the price for a barrel of oil holding steady in the 70-dollar range, the average cost for a gallon of regular has not budged across the country and across New York State over the last week. The latest data from the Energy Information Agency (EIA) reveals a spike in demand for gas countered by a dip in overall supply. That typically drives pump prices up, but not with the relatively cheap cost of oil. Gas prices are much cheaper than a year ago when motorists were paying $4.68 on average for a gallon of regular across the country.
This morning, the national average price for diesel is $3.84, down from $5.65 a year ago. The New York average for diesel is $4.37, compared to $6.06 one year ago.
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