Gas prices down 12 cents statewide in past week

By Tom Rivers, Editor Posted 25 July 2022 at 9:28 am

Price in Orleans County, at $4.80 a gallon, second highest in state

The average price for a gallon of regular unleaded gas dropped 12 cents statewide in the past week, from $4.70 to $4.58. Nationally, the price is down 17 cents to $4.36 a gallon, according to AAA.

In Orleans County, the price at $4.801 a gallon is the second highest in the state. The price is only higher in Manhattan at $5.000 a gallon, AAA reported.

The price has dropped 32 cents in New York state in the past three weeks, but is down only 9 cents in Orleans in the past 21 days.

Here is how today’s price in Orleans compares with other Western New York counties:

  • Orleans, $4.801
  • Genesee, $4.518
  • Wyoming, $4.664
  • Livingston, $4.690
  • Monroe, $4.660
  • Niagara, $4.465
  • Erie, $4.607
  • Chautauqua, $4.498
  • Cattaraugus, $4.532
  • Allegany, $4.674

The statewide average today is $4.579, which compares to $4.694 a week ago, $4.967 a month ago and $3.194 a year ago.

Diesel is at $5.803 today statewide, compared to $5.936 a week, $6.240 a month and $3.345 a year ago.

AAA released the following statement, forecasting gas prices:

“According to the latest data from the Energy Information Administration (EIA), gas demand increased last week but was lower than this time last year and was more in line with the demand seen in mid-July 2020, when COVID-19 regulations curbed demand.

“Additionally, total domestic gasoline stocks increased, signaling that low demand led to growth in inventory last week. If demand remains low as stocks increase, alongside a continuing reduction in crude oil prices, drivers will likely see pump prices continue to decline.”