Gas Demand Drops Pushing Pump Prices Lower
Gas Demand Drops Pushing Pump Prices Lower
Today’s national average price for a gallon of gasoline is $2.16, down one cent from one week ago. One year ago, the price was $2.61. The New York State average is $2.24 – down one cent from last week. A year ago, the NYS average was $2.70. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia - $2.20 (no change since last week)
- Buffalo - $2.21 (down one cent since last week)
- Ithaca - $2.18 (no change cent since last week)
- Rochester - $2.23 (down one cent since last week)
- Rome - $2.31 (no change since last week)
- Syracuse - $2.17 (down one cent since last week)
- Watertown - $2.29 (down one cent since last week)
The Energy Information Administration (EIA), reports that gas demand is decreasing. Low demand, even as total domestic stocks increased, has helped to push pump prices down. As demand remains low, American drivers should expect pump prices to continue to decline this fall.
Domestic crude prices have increased despite market concern about increasing coronavirus infections worldwide, which could lower crude demand as countries impose new restrictions that will likely limit oil consumption. However, if demand concerns continue to weigh on the market, crude prices — and gas prices — could decrease.
AAA members receive discounts at gas stations such as Fastrac, Maple Leaf Market and Shell locations across the country. Learn more here. Motorists can always find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Locate gas prices across the country at http://gasprices.aaa.com.