Today’s national average price for a gallon of gasoline is $3.63, up three cents from last Monday. One year ago, the price was $3.67. The New York State average is $3.51, up four cents from one week ago. A year ago, the NYS average was $3.61. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.44 (up 8 cents from last Monday)
- Buffalo – $3.45 (up 7 cents from last Monday)
- Rochester – $3.48 (up 7 cents from last Monday)
Gas prices are expected to rise in coming weeks due to the return of summer blend fuel, which is more expensive to produce. We are also closely monitoring geopolitical issues that could impact the oil markets. This morning, oil prices range from $85 to $90 per barrel. Since the cost of oil accounts for roughly 60% of what motorists pay at the pump, any major changes to the oil market will likely affect prices at the pump nationally.
Diesel prices remain relatively steady. The national average price for diesel is $4.04, no change from last Monday. The New York average is $4.39, up one cent from a week ago.
