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Gas prices stabilized as stocks help keep prices down

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Mon, Dec 9th 2019 02:45 pm

By AAA of Western and Central New York

Today’s national average price for a gallon of gasoline is $2.57, down 2 cents since last week. One year ago, the price was $2.42. The New York state average is $2.68 – no change from last week. A year ago, the state average was $2.75.

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

  • Batavia – $2.66 (no change since last week)
  • Buffalo – $2.61 (down 1 cent since last week)
  • Ithaca – $2.66 (no change since last week)
  • Rochester – $2.65 (down 1 cent since last week)
  • Rome – $2.61 (down 1 cent since last week)
  • Syracuse – $2.59 (no change since last week)
  • Watertown – $2.66 (no change since last week)

Total domestic gasoline stocks have grown for four straight weeks, according to data from the Energy Information Administration (EIA). Stock levels are higher than last year’s level at this same time. EIA reports a slight drop in gasoline demand coming off the Thanksgiving holiday, though demand is a bit higher than last year at this time. Stock growth, amid robust demand, has helped to stabilize the national average. This trend is likely to continue, helping to keep pump prices steady. December typically bring low gas prices to close out the year.

AAA members receive discounts at gas stations such as Fastrac, Maple Leaf Market and 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.

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