Gas prices dropped 3 cents past week, down 65 cents from a year ago

By Tom Rivers, Editor Posted 8 October 2024 at 7:37 am

Gas prices have been dropping, down an average of 3 cents statewide in the past week and down 65 cents from a year ago, according to AAA.

The average price in the state was $3.22 on Oct. 6, compared to $3.87 a year ago. The price nationwide was $3.17 on Oct. 6, down 5 cents in the past week, and down from $3.75 from a year earlier.

Around WNY, the average prices in each county on Monday include:

Orleans, $3.458
Genesee, $3.369
Wyoming, $3.425
Livingston, $3.428
Erie, $3.350
Monroe, $3.346
Niagara, $3.313
Chautauqua, $3.434
Cattaraugus, $3.441
Allegany, $3.435

AAA issued this statement on Monday: “According to new data from the Energy Information Administration (EIA), gas demand plummeted last week while total domestic stocks rose slightly. Tepid gasoline demand and recent low oil costs could keep pump prices sliding down, and soon the arrival of cheaper winter-blend gasoline will help to further take pressure off pump prices.

“Despite literal and figurative storm clouds here and abroad, the national average for a gallon of regular gasoline still fell by five cents since last Monday, and prices regionally have dropped by an average of three cents. The devastation wrought by Hurricane Helene did little to impact gasoline supply, but tensions in the Middle East could disrupt oil shipments and has already led to oil prices creeping higher.”