While the national average price for a gallon of gasoline is declining, here in New York the average price continues to go up.
According to AAA Western and Central New York, the New York State average on Monday is $3.71, up two cents since last Monday. The national average price for a gallon of gasoline is $3.61, down six cents since last Monday.
According to AAA, the lower oil price is causing pump prices to fall nationally while drivers in New York are paying more at the pump. According to the latest data from the Energy Information Administration (EIA), gas demand increased significantly, which was a surprise. Meanwhile, total domestic gasoline stocks decreased. Higher demand, alongside a decline in stocks, typically pushes pump prices up. Monday morning oil prices remained below $80 per barrel.
Diesel prices dipped slightly. The national average price for a gallon of diesel is $4.11, down six cents from a week ago. Here in New York, the current average for diesel is $4.75, down five cents from last week.
