The average price for a gallon of gasoline in New York State has jumped slightly in the last seven days. According to AAA of Western and Central New York, the New York State average on Monday is $3.14, up three cents from last Monday. One year ago, the New York average was $3.47. The national average is $3.26, up nine cents from last Monday.
According to AAA, gas prices made a bigger jump this past week, with the national average for a gallon of regular going up by more than 10 cents to $3.26. Several factors are driving the increase, including refinery maintenance and summer-blend gasoline switch. The last time the national average reached $3.26 was back in September, consistent with seasonal shifts, but current prices remain below what they were this time last year.
According to the latest data from the Energy Information Administration (EIA), gasoline demand decreased from 8.64 b/d last week to 8.49. Total domestic gasoline supply decreased from 239.1 million barrels to 237.6. Gasoline production increased last week, averaging 9.3 million barrels per day. Crude oil prices have decreased, ranging from $59 to $65 per barrel this morning.
For drivers who use diesel fuel, the national average price for diesel is $3.62, up two cents from last Monday. The New York average is $3.93, no change from last Monday.
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