Gas prices continue to drop slightly across New York. According to AAA of Western and Central New York, Monday’s average price is $3.56, down two cents from one week ago. One year ago, the New York State average was $3.91. The national average on Monday is $3.44
For drivers who use diesel fuel, the national average price for diesel is $3.75, down four cents from last Monday. The New York average is $4.18, down two cents from seven days ago.
This week’s report from AAAWCNY states that falling by three cents since last week, the national average for a gallon of gas is back to the June price level. Concerns over Hurricane Debby are over now that the storm has passed. However, tensions in the Middle East and some overseas economic uncertainty may impact oil prices. Monday morning, oil prices remain low – between $77 and $80 per barrel. The latest data from the Energy Information Administration (EIA) shows that gas demand is down slightly while production is up. Lower gasoline demand, rising supply, and stable oil costs may lead to sliding pump prices.
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