Press release:
Today’s national average price for a gallon of gasoline is $2.62, up 1 cent since last week. One year ago, the price was $2.70. The New York State average is $2.70 – up 1 cent from last week. A year ago, the NYS average was $2.91. AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia -- $2.65 (down 1 cent since last week)
- Buffalo -- $2.64 (down 1 cent since last week)
- Ithaca -- $2.67 (no change since last week)
- Rochester -- $2.67 (no change since last week)
- Rome -- $2.64 (down 3 cents since last week)
- Syracuse -- $2.59 (down 1 cent since last week)
- Watertown -- $2.65 (down 1 cent since last week)
The latest data from the Energy Information Administration (EIA) reveals that total domestic stocks of gasoline decreased for the sixth consecutive week pushing stocks 10.8 million barrels lower than last year’s level at this time.
Reduced stock levels, amid robust demand, have helped to push the national gas price average higher. Although demand took a significant step back week over week, it remains higher than last year’s rate in early November. The national average could increase further if demand continues to remain robust as stocks decline.
