The average price for a gallon of gasoline in New York remains unchanged from one week ago. According to AAA Western and Central New York, the New York State average on Monday is $3.18. One year ago, the New York average was $3.31.
The national average price for a gallon of gasoline is $3.16, up two cents from last Monday.
As spring approaches, refineries are beginning their transition to summer blend fuel, which often results in higher prices this time of year. This week, gas prices rose by a few cents, bringing the national average to $3.16 per gallon. Routine seasonal maintenance and an offline refinery in Northern California are putting additional strain on supply. These factors
are pushing gas prices up, which means consumers may see higher prices at the pump as warmer months approach, though other regions will likely see these changes before New York does.
According to the latest data from the Energy Information Administration (EIA), gasoline demand increased from 8.32 million b/d last week to 8.57. Meanwhile, total domestic gasoline stocks dropped from 251.1 million barrels to 248.1, while gasoline production saw little change last week, averaging 9.3 million barrels daily. Crude oil prices remain stable, ranging from $71 to $75 per barrel this morning, no change from last Monday.
For drivers who use diesel fuel, the national average price for diesel is $3.67, up two cents from last Monday. The New York average is $3.97, no change from last Monday.
Have all the Finger Lakes news from Finger Lakes News Radio delivered to your email every morning for FREE! Sign up by clicking here
