Press release from AAA:
Today’s national average price for a gallon of gasoline is $2.19, the same as one week ago. One year ago, the price was $2.66. The New York State average is $2.26 – no change since last week. A year ago, the NYS average was $2.72.
AAA Western and Central New York (AAA WCNY) reports the following averages:
- Batavia -- $2.21 (no change since last week)
- Buffalo -- $2.23 (no change since last week)
- Ithaca -- $2.19 (down 1 cent since last week)
- Rochester -- $2.24 (down 1 cent since last week)
- Rome -- $2.31 (down 1 cent since last week)
- Syracuse -- $2.19 (no change since last week)
- Watertown -- $2.30 (down 2 cents since last week)
The national average for a gallon of regular gasoline remains at $2.19, which is the same price as a week ago, 3 cents less than a month ago, but still significantly cheaper than last year (-47 cents).
In the latest report from the Energy Information Administration (EIA), gas demand saw a slight uptick while domestic stocks also increased. Gas prices are expected to remain reasonable for the fall foliage travel season. Once the holiday season arrives, winter blend fuel will debut again, which is typically cheaper to produce, so gas prices are not expected to dramatically increase in the near future.
From GasBuddy:
"It's been a fairly quiet week for gas prices yet again, but with oil tanking last week, there's a possibility motorists may see a renewed downward direction in average prices in the days or weeks ahead," said Patrick De Haan, head of petroleum analysis for GasBuddy. "However, according to Pay with GasBuddy data, gasoline demand inexplicably rose last week to the highest level since August, breaking with conventional wisdom that fall demand is typically weak.
"While we have no direct reasoning for the rebound, five of seven days last week saw much above the prior week's gasoline demand, in fact, Friday saw the highest gasoline demand since Labor Day. If demand continues to somehow defy such conventional trends, we may see an end to the possibility of future declines."
