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Gas Prices Drop in New York as Demand Remains Steady

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The average price for a gallon of gasoline in New York State is $3.50, down four cents from one week ago. One year ago, the average price for a gallon was $3.91.

According to AAA of Western and Central New York, the overseas war zone is quiet while Atlantic storms are also holding off, which is taking pressure off of oil prices. Monday morning, oil prices were below $80 per barrel.

According to the latest data from the Energy Information Administration (EIA), gas demand edged higher slightly. But overall mild gasoline demand, steady supply, and low oil costs may cause pump prices to slide further. Demand will likely increase this week as travelers head out for the final long holiday weekend of summer.

For drivers who use diesel fuel, the national average price for diesel is $3.70, down three cents from last Monday. The New York average is $4.15, down two cents from last Monday.

When it comes to EV charging, the national and state averages for L2 commercial electricity remain steady. The national average for a kilowatt of electricity at an L2 commercial charging station is 34 cents.

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