Over the past week, the average price for a gallon of gasoline has dropped by a nickel across the Empire State. According to AAA Western and Central New York, the New York State average on Monday morning was $3.42, down five cents last Monday. One year ago, the average was $3.82.
For drivers who use diesel fuel, the national average price for diesel is $3.65, down four cents from last Monday. The New York average is $4.08, down four cents from last Monday.
In its weekly report, AAA of Western and Central New York reports after idling over the Labor Day weekend, the national average for a gallon of gasoline resumed its pace of daily declines by falling six cents since last week to $3.27. Key contributors are low gas demand and the plunging cost of oil, trading in the high $60s per barrel Monday morning. The arrival of September means cheaper winter-blend gasoline is almost here, which will help to further take pressure off of pump prices and allow this falling trend to continue.
According to the Energy Information Administration (EIA), gas demand fell last week while domestic supply rose slightly. Falling gasoline demand and oil costs will likely keep pump prices sliding down as autumn approaches.
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