Today’s national average price for a gallon of gasoline is $3.28, up eight cents from last Monday. One year ago, the price was $3.41. The New York State average is $3.30, up two cents from one week ago. A year ago, the NYS average was $3.49. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.23 (down 1 cent from last Monday)
- Buffalo – $3.30 (down 2 cents from last Monday)
- Rochester – $3.27 (up 1 cent from last Monday)
After months of barely budging more than a few cents, the national average for pump prices moved into the fast lane, surging 8 cents since last Monday. A significant contributor is a shutdown at the large BP-Whiting refinery in Indiana, which was offline for more than two weeks due to a power outage. The refinery processes 435,000 barrels of crude oil per day, and the shutdown caused prices throughout the Midwest to climb, pushing the national average higher as well. In New York State, we are seeing only a few cents difference since last week, which is more typical for this time of year. This past week, we saw a decrease in gas demand, but fluctuating oil prices and a tight gas supply increasing prices. With February Break this week in the northeast, we could see a spike in gas demand result in another increase in pump prices locally.
This morning, oil prices range from $78 to $83 per barrel, a $2 increase from one week ago. Diesel prices are also fluctuating. The national average price for diesel is $4.10, up 10 cents from one week ago, and down from $4.51 a year ago. The New York average for diesel is $4.41, up 1 cent from a week ago, and lower than $5.14 one year ago.
