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AAA: Local gas prices continue to drop

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Mon, Feb 4th 2019 09:40 am

Gasoline demand on the rise as motorists stock up before storms

By AAA of Western and Central New York

Today’s national average price for a gallon of gasoline is $2.26, no change from last week. One year ago, the price was $2.60. The New York average is $2.49, down 1 cent from last week. A year ago, the state average was $2.77.

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

  • Batavia - $2.53 (down 2 cents since last week)
  • Buffalo - $2.53 (down 2 cents since last week)
  • Ithaca - $2.37 (down 1 cent since last week)
  • Rochester - $2.44 (down 2 cents since last week)
  • Rome - $2.47 (down 1 cent since last week)
  • Syracuse - $2.38 (down 1 cent since last week)
  • Watertown - $2.47 (down 2 cents since last week)

In its latest report, the Energy Information Administration revealed demand for gasoline hit 9.6 million barrels per day, which would be considered average during the busy summer driving season, but not typical during winter, which is a usually low-demand season. Either the preliminary rate is off (EIA may revise it later this year when it releases final figures for the month), or the weather forced motorists to fuel up. Given the weather conditions across much of the country over the past two weeks, motorists are likely driving less. If the estimate is not revised, one reason for the jump could be the weather led motorists to fill-up and stockpile ahead of storms. Despite the increase in demand, the country’s high level of gasoline stocks may keep average pump prices in check. Prices are down across the region today. The increased stock level may help to stabilize prices, while feeding growing domestic gasoline demand.

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 Western and Central New York provides more than 880,000 members with travel, insurance, financial and automotive-related services. Since its founding in 1902, AAA has been a leading advocate for the safety and security of all travelers. Visit AAA at www.AAA.com.

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