Gas prices up about 10 cents in past week

Posted 18 January 2021 at 8:40 am

Press Release, AAA Western and Central New York

Today’s national average price for a gallon of gasoline is $2.39, up seven cents from last week. One year ago, the price was $2.55. The New York State average is $2.47 – up eight cents from last week. A year ago, the NYS average was $2.71.

AAA Western and Central New York reports the following averages:

  • Batavia – $2.39 (up eight cents since last week)
  • Buffalo – $2.43 (up ten cents since last week)
  • Rochester – $2.45 (up nine cents since last week)
  • Watertown – $2.51 (up ten cents since last week)

Crude prices have been fluctuating and remain over $50 per barrel. The current price this morning is $52 per barrel. Prices rose over market optimism that coronavirus vaccines will help crude demand recover this year.

If crude prices continue to sustain prices above $50 per barrel alongside higher refinery utilization rates and demand, drivers could see pump prices remain at elevated levels. Current prices are up across the region, but they remain lower than one year ago.