Gas prices up another 5 cents in past week
AAA is reporting the average cost for a gallon of gas in New York State is up another 5 cents in the past week, from $3.496 a week ago to $3.547 today.
A month ago the average price was $3.493 in the state. It was about a dollar cheaper a year ago – $2.514 a gallon.
The national average price for a gallon of gasoline is $3.37, up 4 cents from last week. One year ago, the price was $2.42, AAA said.
The average price per gallon locally includes:
- Orleans: $3.546
- Genesee: $3.505
- Wyoming: $3.56
- Niagara: $3.436
- Erie: $3.505
- Monroe: $3.545
- Livingston: $3.572
AAA issued a press release today that stated:
“According to the Energy Information Administration, gasoline demand is in a typical range for the winter driving season, equivalent to mid-January 2020.
“Continued growth in the price of crude oil has helped to keep pump prices elevated. If crude prices continue to climb, pump prices will likely follow suit.
This morning, oil prices are in the high $80s to low $90s per barrel. Tension between Russia and Ukraine pushed crude prices up last week. Amid tight global supply, there are market concerns that a looming invasion could contribute to a volatile market, pushing prices higher.”