Today’s national average price for a gallon of gasoline is $3.08, down three cents from last Monday. One year ago, the price was $3.28. The New York State average is $3.32, down three cents from one week ago. A year ago, the NYS average was $3.45. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.38 (down 2 cents from last Monday)
- Buffalo – $3.45 (down 3 cents from last Monday)
- Rochester – $3.38 (down 6 cents from last Monday)
Gas prices continue to drop along with demand with fewer people fueling up after the peak of holiday road travel. According to the latest data from the Energy Information Administration (EIA), gas demand nosedived after holiday travel. Meanwhile, total domestic gasoline stocks increased substantially. Weak gas demand, alongside increased supply, has pushed pump prices lower. However, fluctuating oil prices have limited price decreases. If gas demand remains weak, drivers will likely continue to see pump prices trickle downward. This morning, oil prices range from $73 to $78 per barrel.
Diesel prices are also moving lower. The national average price for diesel is $3.95, down three cents from one week ago, and down from $4.66 a year ago. The New York average for diesel is $4.44, down two cents from a week ago, and lower than $5.34 one year ago.
All WNY is made possible thanks to coffee and sleep deprivation.
We appreciate your readership. We like money, too.
