Gas price drops a cent in NY in past week
Average price for regular unleaded at $3.545 in Orleans
The average price for regular gas is at $3.47 nationally, which is down 4 cents from a week, AAA is reporting this morning.
In New York, the statewide average for regular unleaded gas is $3.559 today compared $3.574 a week ago, $3.465 a month ago and $3.587 a year ago.
The average diesel price is at $5.256 today compared to $5.272 a week ago, $5.352 a month ago and $3.984 a year ago, AAA reported.
Here are the prices among Western New York counties:
- Orleans, $3.545
- Genesee, $3.430
- Wyoming, $3.494
- Livingston, $3.517
- Monroe, $3.491
- Niagara, $3.354
- Erie, $3.467
- Chautauqua, $3.616
- Cattaraugus, $3.517
- Allegany, $3.569
AAA issued this statement about gas prices:
“The national average for a gallon of regular gasoline is down despite data from the Energy Information Administration which shows that gas demand is on the rise.
“However, total domestic gasoline stocks have increased. The growth in total supply has helped to limit pump price increases. If demand does not spike, drivers could continue to see pump prices drop.
“This morning oil prices range from $74 to $80 per barrel, down a few dollars from last week. Crude prices fell after the U.S. Federal Reserve increased interest rates and signaled that more increases are likely. As a result, the market believes oil demand could be less than expected this year, pulling prices down. Oil stock levels are also up.”