Gas prices continue to trend downward

By Tom Rivers, Editor Posted 4 November 2024 at 8:04 pm

Gas prices are down an average of 3 cents nationally in the past week to $3.10 today, and down 2 cents statewide to $3.18, according to AAA.

A year ago, the average price was a gallon of gas was $3.42 while it was $3.15 in the state.

“After a brief interruption caused by Hurricanes Helene and Milton, gas prices have resumed their gradual season decline and is only about seven cents away from the nation average’s 2024 low,” AAA said in a news release today. “According to new data from the Energy Information Administration (EIA), gas demand rose slightly while total domestic stocks fell and gasoline production decreased. This morning, oil trading is in the low $70s per barrel. With low oil costs and tepid domestic gasoline demand, pump prices could continue to drop and find a national average below $3 soon.”

Here are the average prices in Western New York counties:

Orleans, $3.326
Genesee, $3.302
Niagara, $3.236
Monroe, $3.286
Wyoming, $3.307
Erie, $3.269
Livingston, $3.431
Chautauqua, $3.512
Cattaraugus,$3.425
Allegany, $3.389

The average price for diesel is $3.55, down two cents from last Monday. The New York average is $3.89, down one cent from last Monday, AAA reported.