Gas price up 12 cents nationally, down 3 cents in Orleans in past week

By Tom Rivers, Editor Posted 10 October 2022 at 10:19 am

The average price for a gallon of unleaded gas went up 12 cents nationally in the past week, but dropped 3 cents in Orleans. Statewide the price is up 4 cents in the past week. AAA said higher demand is fueling the increase in price.

The average current price for regular unleaded in the state is at $3.634 in New York, compared to the national price of $3.919.

A week ago the price in New York was an average of $3.596, a month ago it was $3.912 and a year ago it was $3.350. The average diesel price in New York is at $5.116 today compared to $4.997 a week ago, $5.224 a month ago and $3.534 a year ago.

In Orleans County, AAA is reporting the average price today is at $3.650 a gallon, compared to $3.681 a week ago. Orleans usually has the highest average price per gallon in Western New York, but AAA is reporting today that the price in Orleans is among the lowest in WNY.

Here are the average prices in the WNY counties:

  • Orleans, $3.650
  • Genesee, $3.753
  • Wyoming, $3.800
  • Livingston, $3.718
  • Monroe, $3.661
  • Niagara, $3.529
  • Erie, $3.739
  • Chautauqua, $3.832
  • Cattaraugus, $3.772
  • Allegany, $3.771

Suffolk has the lowest average price at $3.421 while New York (Manhattan) has the highest at $4.004.

AAA issued this statement about gas prices: “The national average for a gallon of regular gasoline has risen by 12 cents in the past week as the Energy Information Administration reports an increased demand for gas.

“High gasoline demand, amid tight supply, has led to higher pump prices nationwide. Pump prices on the West Coast have increased due to ongoing refinery maintenance at roughly six refineries. California officials are now allowing less expensive winter-blend gasoline to be sold a month ahead of schedule to offer drivers relief at the pump. Meanwhile, a deadly refinery fire in Toledo, OH has tightened supply in that region.

“Locally, pump prices have escaped factors that are pushing gas prices up across most of the country. But rising oil prices could soon impact local gas prices. This morning, oil prices range from $92 to $97 per barrel, up about $10 from last week. Crude prices jumped last week after the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, known as OPEC+, announced intentions to cut crude production by 2 million barrels per day this fall.

“The exact impact of the production cut on crude prices and domestic gas prices will depend on how the market interprets the reduction. There’s concern that a recession could lead to lower crude demand, which would offset price increases while lower demand during the winter could do the same.”