Monday’s New York State for a gallon of gasoline is $3.65, down five cents from a week ago. A year ago, the NYS average was $3.90. AAA of Western and Central New York reported Monday’s national average is $3.37, down five cents from last Monday. One year ago, the price was $3.78.
According to AAA records, the national average for a gallon of gas has fallen or remained flat every day since September 19. That steady seasonal decline has seen the price at the pump drop 26 cents in the last month led by a drop in the price of oil. Parked in the mid-$80s per barrel in recent weeks, oil was trading between $76-$80 Monday morning. Since oil is the main ingredient in gasoline, less expensive oil usually leads to falling gas prices. Global events must continue to be watched closely as any disruption in supply could roil oil markets and spike prices.
Diesel prices are also dropping. The national average price for diesel is $4.35, down five cents from last Monday, and down from $5.36 a year ago. The New York average for diesel is $4.65, down two cents from a week ago, and lower than $5.98 one year ago.