Gas prices are making a typical seasonal climb due to increased demand as spring break is in full swing. Prices at the pump typically begin increasing this time of year and peak during summer, but the national average is still nearly 40 cents lower than last year due to weak crude oil prices.
According to AAA of Western and Central New York, the New York State average is $3.11, up one cent from last Monday. A year ago, the NYS average was $3.45. The national average price for a gallon of gasoline is $3.17, up four cents from last Monday. One year ago, the price was $3.54.
With Spring Break in full swing, drivers are paying more at the pump compared to last week. The national average for a gallon of gas went up 3 cents since last Thursday to $3.15. Gas prices typically start going up this time of year and peak during summer. But the national average is still about 40 cents lower than last year, due to tepid gasoline demand and weak crude oil prices.
According to the latest data from the Energy Information Administration (EIA), gasoline demand decreased from 8.81 b/d last week to 8.64. Total domestic gasoline supply decreased from 240.6 million barrels to 239.1. Gasoline production decreased last week, averaging 9.2 million barrels per day. Crude oil prices have increased slightly, ranging from $69 to $75 per barrel this morning.
For drivers who use diesel fuel, the national average price for diesel is $3.60, up two cents from last Monday. The New York average is $3.93, down one cent from last Monday.
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