Pump Prices Continue to Rise

Pump Prices Continue to Rise

Oil prices at their highest level of the year
Elizabeth Carey
gas tank gauge on empty

Today’s national average price for a gallon of gasoline is $2.47, up five cents from last week. One year ago, the price was $2.44. The New York State average is $2.51 – up five cents from last week. A year ago, the NYS average was $2.64. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $2.44 (up five cents since last week)
  • Buffalo - $2.47 (up four cents since last week)
  • Ithaca - $2.50 (up three cents since last week)
  • Rochester - $2.50 (up four cents since last week)
  • Rome - $2.58 (up five cents since last week)
  • Syracuse - $2.48 (up five cents since last week)
  • Watertown - $2.59 (up five cents since last week)

Pump prices continue to increase while the latest data from the Energy Information Administration (EIA) shows that gas demand decreased slightly.

This morning, WTI crude increased is priced by more than $57, which is the highest settlement price of the year. Crude prices rose last week after the Organization of the Petroleum Exporting Countries (OPEC) and its production reduction agreement partners met to review compliance with their agreement to collectively reduce their crude production by 7.2 million barrels per day. The group decided to hold the cuts steady and expects output to remain low this year, since demand is forecasted to be lower than expected throughout 2021 due to ongoing crude demand concerns as the pandemic continues to keep travel restrictions in place. An increase in crude utilization and increasing crude prices will continue to contribute to higher pump prices for drivers throughout the month. 

Motorists can benefit from comparing pump prices before filling up with the AAA Mobile App - a convenient option to find the lowest gas prices in a given area. Plus, the app is the quickest way to request roadside assistance. Learn more at www.AAA.com/Mobile.

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:

AAA Gas Prices