Monday’s national average price for a gallon of gasoline is $3.60, three cents higher than one week ago. One year ago, the price was $4.37. The New York State average is $3.70, also up three cents from a week ago. A year ago, the NYS average was $4.59.
According to AAA of Central and Western New York, despite another week of lackluster demand for gasoline, the national average for a gallon of regular gasoline three cents since last Monday. The primary culprit is a higher oil price, which has recently increased by more than $10 per barrel in recent weeks. Monday morning, the price of crude oil is around $76 to $81 per barrel. If crude oil prices continue to rise, pump prices will likely follow suit. Gas demand has barely budged from last week, and some industry experts speculate that scorching temperatures in some areas of the country are keeping people off the road. This combination of lower demand and higher oil prices is keeping pump prices relatively stable.
The national average price for diesel is $3.88, down from $5.42 a year ago. The New York average for diesel is $4.34, compared to $5.82 one year ago.
