National Average for Gas Up, New York Down a Penny

National Average for Gas Up, New York Down a Penny

Higher demand is offset by increase in supply and low oil prices
Mark Gruba
Higher demand is offset by increase in supply and low oil prices

Today’s national average price for a gallon of gasoline is $3.59, four cents higher than last Monday. One year ago, the price was $5.01. The New York State average is $3.69, down one cent since last Monday. A year ago, the NYS average was $5.03. AAA Western and Central New York (AAA WCNY) reports the following averages:

•    Batavia - $3.64 (down one cent from last Monday)
•    Buffalo - $3.68 (no change from last Monday)
•    Elmira - $3.64 (up 2 cents from last Monday)
•    Ithaca - $3.70 (down one cent from last Monday)
•    Rochester - $3.73 (no change from last Monday)
•    Rome - $3.75 (up 2 cents from last Monday)
•    Syracuse - $3.69 (no change from last Monday)
•    Watertown - $3.75 (down 1 cent from last Monday)

Higher demand for gasoline has driven the national average for a gallon of gas up over the last week, while prices in New York are relatively flat. According to the latest data from the Energy Information Administration (EIA), demand for gas has hovered above 9 million barrels a day in the U.S. for three straight weeks, the first time that has happened since November of 2021. Demand for gas is being countered by and increase in supply and oil prices that remain around $70 per barrel despite Saudi Arabia’s announcement that it will cut oil production by another million barrels a day this summer.

One year ago, on June 14, 2022, the highest recorded average for gas was reached across the country at $5.02 for a gallon of regular and in New York at $5.04 a gallon. 

Diesel prices continue to fall. The national average price for a gallon of diesel is $3.91, down one cent from a week ago. Here in New York, the current average for diesel is $4.49, down four cents from last week.

To conserve fuel, motorists should map routes, avoid peak traffic times like rush hour, and combine errands into one trip while using cruise control when possible. Drivers should also make sure tire pressure is at the vehicle’s recommended level for the best gas mileage while removing any unnecessary and bulky items from the car since it takes more fuel to accelerate a heavy vehicle. Get more tips here: https://gasprices.aaa.com/news/fuel-saving-tips/. Motorists can benefit from comparing pump prices before filling up with the AAA Mobile App for iPhone, iPad, and Android. 

AAA members receive discounts at gas stations such as Fastrac, Maple Leaf Market and Shell. Learn more here. AAA members can save on gas by joining the Fuel Rewards at Shell program. Join now at AAA.com/Shell. Motorists can also locate gas prices across the country and stay up-to-date on news and fuel-saving tips at http://gasprices.AAA.com.