Gas price falls 10 cents nationally, but up 3 cents in Orleans in past week

By Tom Rivers, Editor Posted 24 October 2022 at 8:33 am

The average price for regular unleaded is down 10 cents nationally in the past week to today’s $3.79, according to AAA. A year ago the price was at $3.39.

In New York, the average price went down a penny to $3.67. A year ago is was $3.53.

In Orleans County, the average price went up 3 cents, from $3.67 to $3.70 in the past week.

The price in Orleans is cheaper than most Western New York counties. Here are the average prices today in the WNY counties:

  • Orleans, $3.698
  • Genesee, $3.726
  • Wyoming, $3.767
  • Livingston, $3.719
  • Monroe, $3.658
  • Niagara, $3.530
  • Erie, $3.708
  • Chautauqua, $3.805
  • Cattaraugus, $3.774
  • Allegany, $3.783

In New York, the average price statewide for regular unleaded is $3.793 today compared to $3.888 a week ago, $3.700 a month ago and $3.385 a year ago. The diesel price is at an average of $5.326 today in New York, compared to $5.284 a week ago, $4.906 a month ago and $3.603 a year ago.

AAA issued this statement about the national price dropping 10 cents in the past week: “The latest data from the Energy Information Administration shows that gas demand increased slightly though it remains lower than last year at this time.

“Last week, President Biden announced the release of 15 million barrels of oil from the strategic reserve to help keep gas prices down. Since the barrels are part of an earlier planned Strategic “Petroleum Reserve release, the market is likely to have already priced in the impact on oil prices. The Biden administration said it plans to restock the reserves as soon as oil prices fall between $67 and $72 per barrel.

“This morning, oil prices range from $84 to $92 per barrel. Crude prices have declined due to ongoing market concerns about crude demand amid fear of a recession.”