Featured News - Current News - Archived News - News Categories

Unusual decrease in gas prices, but as Memorial Day nears, increases will make another appearance

Submitted

Mon, May 13th 2019 09:30 am

By AAA of Western and Central New York

Monday’s national average price for a gallon of gasoline is $2.86, down 4 cents from last week. One year ago, the price was $2.87. The New York state average is $2.96, down 1 cent from last week. A year ago, the state average was $3.00.

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

  • Batavia – $2.83 (down 1 cent since last week)
  • Buffalo – $2.88 (down 1 cent since last week)
  • Ithaca – $2.89 (down 1 cent since last week)
  • Rochester – $2.89 (down 1 cent since last week)
  • Rome – $2.90 (down 1 cent since last week)
  • Syracuse – $2.87 (down 2 cents since last week)
  • Watertown – $2.96 (no change since last week)

During this time of year, switching to the more expensive summer blend gasoline, ongoing refinery maintenance, and healthy consumer demand all contribute to pump prices increasing. A decrease, even by 1 or 2 cents is unusual. Motorists should expect an upswing in prices as we get closer to Memorial Day.

As far as crude oil goes, at the close of Friday’s formal trading session on the NYMEX, WTI decreased 4 cents to settle at $61.66. On the week, crude prices have moved lower because of global concerns around trade negotiations between the U.S. and China. If total crude stocks continue to tighten, American motorists will likely see pump prices continue to increase this spring – alongside the global price of crude, as tightening supply amid robust global crude demand will increase the price per barrel of oil.

AAA members receive discounts at NOCO gas stations, as well as Fastrac locations and at Shell locations across the country. Learn more here. One can find the lowest prices in the area at http://aaa.opisnet.com/index.aspx.

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.

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.

comments powered by Disqus