The average price for a gallon of gasoline in New York State on Monday is $3.36, down six cents from one week ago. One year ago, the New York State average was $3.92.
AAA of Western and Central New York reports the national average for a gallon of gas kept up its torrid pace of decline, sinking another six cents since last week down to $3.21. The primary culprits behind this dip are low demand and falling oil costs. On Monday, oil prices are sitting in the high $60s to low $70s per barrel. According to new data from the Energy Information Administration (EIA), gasoline demand fell last week while total domestic supply increased slightly. Tumbling gasoline demand and oil costs will likely keep pump prices sliding, and soon the arrival of cheaper winter-blend gasoline will help to further take pressure off of pump prices as autumn approaches.
For drivers who use diesel fuel, the national average price for diesel is $3.60, down five cents from last Monday. The New York average is $4.04, down four cents from last Monday.
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