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Gas prices drop across region, again

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Mon, Oct 29th 2018 11:30 am
Sanctions against Iran go into effect in just days
By AAA of Western and Central New York
Today's national average price for a gallon of gasoline is $2.82, down 3 cents from last week. One year ago, the price was $2.47. The New York state average is $2.96 - down 2 cents from last week. A year ago, the state average was $2.65.
AAA Western and Central New York (AAA WCNY) reports the following averages:
  • Batavia - $2.92 (down 2 cents since last week)
  • Buffalo - $2.98 (down 1 cent since last week)
  • Ithaca - $2.87 (down 6 cents since last week)
  • Rochester - $2.92 (down 2 cents since last week)
  • Rome - $2.93 (down 3 cents since last week)
  • Syracuse - $2.87 (down 3 cents since last week)
  • Watertown - $3.00 (down 2 cents since last week)
Gas prices are down across the region though motorists are still paying 31 cents more per gallon than last year, on average, in New York. Geopolitics and rising crude oil prices have stalled the typical autumn drop in pump prices this year. Gas prices could drop further this week, but U.S.-imposed sanctions on Iran's crude exports go into place on Nov. 4 - that could stir volatility. The U.S. is trying to reduce Iranian oil exports to zero to force the country to renegotiate an agreement on its nuclear program. At the same time, demand is lowering as motorists drive less in the winter, so that could help offset large increases at the pump.
As crude oil prices continue to increase, 2019 is poised to be an expensive year for gasoline both for motorists and travelers. We are seeing the highest jet fuel prices since 2014, which could impact the price of airfare. Heating oil will also be more expensive.
Motorists can always 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. One can find the lowest prices in the area at http://aaa.opisnet.com/index.aspx.
As upstate New York's largest member services organization, AAA provides nearly 860,000 members with travel, insurance, financial and automotive-related services. Since its founding in 1900, AAA has been a leading advocate for the safety and security of all travelers. Visit AAA at www.AAA.com.

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