The national average price for a gallon of gasoline is $3.18, down two cents from last Monday. One year ago, the price was $3.55. The New York State average is $3.22, down two cents from last Monday. A year ago, the NYS average was $3.78. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia – $3.34 (down 4 cents from last Monday)
- Buffalo – $3.33 (down 1 cent from last Monday)
- Rochester – $3.37 (down 1 cent from last Monday)
After a brief upturn in the aftermath of Hurricane Milton, gas prices have resumed their decline at the national and local level. The hurricane disrupted the supply chain in some parts of the country, but those issues have been largely resolved over the last week. The supply of gasoline remains strong as Hurricane Milton did not severely impact production facilities in the Gulf of Mexico.
While tensions in the Middle East persist, oil prices are retreating as well. This morning oil is trading in the low $70s per barrel. According to new data from the Energy Information Administration (EIA), gas demand fell while total domestic stocks also fell over the last week. That drop is likely short-lived, however, as gasoline production continues to increase. The arrival of cheaper winter-blend gasoline is also taking pressure off pump prices.
When it comes to EV charging, the national and state averages for L2 commercial electricity remain steady. The national average for a kilowatt of electricity at an L2 commercial charging station sits at 35 cents. An estimated 1.2 million AAA members live in households with one or more electric vehicles.
For drivers who use diesel fuel, the national average price for diesel is $3.59, down one cent from last Monday. The New York average is $3.92, down one cent from last Monday.p three cents from last Monday. The New York average is $3.93, no change from last Monday.
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