Gas prices jump 10 cents in NYS in past week
The Israel/Iran conflict is driving up oil markets and the price at gas pump, AAA is reporting today.
The national average price for a gallon of gasoline is $3.22, up eight cents from last Monday. One year ago, the price was $3.45.
The New York State average is $3.21, up 10 cents from last Monday. A year ago, the NYS average was $3.58.
“Gas prices across the country and here in New York are moving higher as the conflict between Israel and Iran continues to rattle oil markets,” according to a statement from AAA Western and Central New York. “Oil is the primary ingredient in gasoline and the price per barrel is climbing after U.S. airstrikes at targets in Iran over the weekend marked an escalation of tensions in the region.
“The cost of oil was $74 to $77 dollars per barrel in trading Monday morning, up about $2 per barrel from a week ago,” AAA said. “As the conflict continues, analysts are closely watching the Strait of Hormuz – a narrow waterway connecting the Persian Gulf to the Gulf of Oman. Roughly 20 percent of global oil trade passes through the strait and any disruption could drive oil and gas prices even higher.”
Diesel costs are also rising, up 16 cents in the past week nationally to $3.68. The average price in NYS is $3.92, up 7 cents in the past week.
Here are the average prices for regular unleaded in WNY counties:
- Orleans, $3.274
- Genesee, $3.242
- Niagara, $3.162
- Monroe, $3.210
- Livingston, $3.192
- Wyoming, $3.187
- Erie, $3.196
- Chautauqua, $3.317
- Cattaraugus, $3.264
- Allegany, $3.192
