National Gas Prices Edge Lower
Today’s national average price for a gallon of gasoline is $3.85, down three cents from last Monday. One year ago, the price was $3.71. The New York State average is $3.92, no change from a week ago. A year ago, the NYS average was $3.69. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.85 (up 1 cent from last Monday)
- Buffalo – $3.88 (down 1 cent from last Monday)
- Rochester – $3.91 (down 1 cent from last Monday)
The national average price for a gallon of regular may have peaked for the year last week when it reached $3.88. The arrival of Fall typically sees prices begin to decline as the transition to the cheaper blend of winter fuel takes place across the country. Oil prices remain higher, trading in the low $90s per barrel this morning. According to the latest data from the Energy Information Administration (EIA), gas demand increased slightly over the last week while domestic gasoline stocks fell, but neither indicator made a large enough move to have a sizable impact of the price of gas.
There is mixed data when it comes to diesel prices. The national average price for diesel is $4.57, down one cent from last Monday, and down from $4.91 a year ago. The New York average for diesel is $4.74, up three cents from a week ago, but lower than $5.06 one year ago.
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