The price of gas is creeping up ahead of Memorial Day weekend, just as a record number of Americans are expected to hit the road for trips.
According to AAA of Western and Central New York, the New York State average on Monday is $3.13, up four cents from last Monday. One year ago, the New York State average was $3.70.
The national average price on Monday is $3.18, up four cents from last Monday. One year ago, the price was $3.59
According to AAA, gas prices are creeping back up just in time for the busy summer driving season, as the price of crude oil rises and demand goes up. Typically, the seasonal increase in gas prices starts earlier in the spring, but lower crude oil prices this year have kept that from happening. Now, we’re starting to settle in a more typical pattern. Despite the upward trend, drivers are paying about 40 cents less compared to last year, which is good news for the record 39.4 million Americans expected to take road trips over Memorial Day weekend.
According to the latest data from the Energy Information Administration (EIA), gasoline demand increased from 8.71 million b/d to 8.79. Total domestic gasoline supply decreased from 225.7 million barrels to 224.7. Gasoline production is down, averaging 9.4 million barrels per day.
For drivers who use diesel fuel, the national average price for diesel is $3.53, up two cents from last Monday. The New York average is $3.88, 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
