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The streak is over: Gas prices now higher than one year ago

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Mon, Oct 24th 2016 10:00 am

The national average price for regular unleaded gasoline is now $2.22 per gallon, down 2 cents from last week. The New York state average is $2.37 per gallon, up 1 cent from last week. A year ago, the state average was $2.36.

AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Buffalo - $2.32, no change
  • Rochester - $2.33, up 2 cents
  • Syracuse - $2.29, up 1 cent

Tom Kloza, head of Oil Price Information Service, said, "The gasoline eclipse took place over the weekend."

The national average price for a gallon of unleaded gasoline passed levels from a year ago for the first time since July 2014. Now that the streak, which lasted 832 days, is over, Kloza said he expects the gap to grow further. Consumers will realize they are spending more than one year ago for gasoline, and may see this as less of a bargain at the pump as they enter the holiday season, which could affect retail spending.

Motorists can find current gas prices along their route with the free AAA mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Locate gas prices across the country at http://gasprices.aaa.com/.

AAA WCNY reminds members they can receive discounts at NOCO gas stations, as well as Fastrac locations. Learn more HERE. Find the lowest prices in the area at http://aaa.opisnet.com/index.aspx.

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