For the third straight week, the weekly average gas price for a gallon of gasoline has dropped two cents from the previous week. On Monday, the New York State average was $3.54, down two cents from last Monday. According to AAA of Western and Central New York, one year ago, the New York State average was $3.92.
Monday’s national average price for a gallon of gasoline is $3.41, down three cents from last week. One year ago, the price was $3.87.
Falling by three cents since last week, the national average for a gallon of gas is back to the June price level. Summer is wrapping up soon, and so far, gas prices have barely wobbled. Concerns over Hurricane Debby are over now that the storm has passed, however, we still have a long way to go with hurricane season, so it is too soon to declare that pump prices have started their usual Autumn swoon. This morning, oil prices remain low – between $76 and $79 per barrel. The latest data from the Energy Information Administration (EIA) shows that gas demand edged slightly higher while production decreased slightly. Tepid gasoline demand and stable oil costs may cause pump prices to slide further down.
For drivers who use diesel fuel, the national average price for diesel is $3.73, down two cents from last Monday. The New York average is $4.17, down one cent from last Monday.
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