Gas prices are holding steady across New York State. According to AAA of Western and Central New York, the New York State average is $3.14, down one cent from last Monday. A year ago, the NYS average was $3.34. The national average price for a gallon of gasoline is $3.09, down one cent from last Monday. One year ago, the price was $3.39.
The national average for a gallon of gas dropped a penny since last week to $3.09 thanks in part to lower oil prices. Some drivers could see fluctuations at the pump due to markets and retailers reacting to news of tariffs and the transition to summer-grade gasoline, which is more expensive to produce.
According to the latest data from the Energy Information Administration (EIA), gasoline demand increased from 8.45 b/d last week to 8.87. Total domestic gasoline supply decreased from 248.3 million barrels to 246.8. Gasoline production increased last week, averaging 9.6 million barrels per day. Crude oil prices have decreased, ranging from $67 to $71 per barrel this morning.
For drivers who use diesel fuel, the national average price for diesel is $3.63, down two cents from last Monday. The New York average is $3.96, down one cent from last Monday.
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