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Pump prices drop across region; gas demand rebounds


Mon, Aug 1st 2022 11:00 am

By AAA of Western and Central New York

Today’s national average price for a gallon of gasoline is $4.21, down 15 cents from one week ago. One year ago, the price was $3.17. The New York state average is $4.52, down 6 cents since last Monday. A year ago, the NYS average was $3.21.

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

√ Batavia – $4.49 (down 3 cents from last week)

√ Buffalo – $4.51 (down 7 cents from last week)

√ Elmira – $4.50 (down 10 cents from last week)

√ Ithaca – $4.65 (down 6 cents from last week)

√ Rochester – $4.61 (down 7 cents from last week)

√ Rome – $4.70 (down 6 cents from last week)

√ Syracuse – $4.58 (down 7 cents from last week)

√ Watertown – $4.72 (down 3 cents from last week)

According to the latest data from the Energy Information Administration (EIA), gas demand increased in recent weeks while inventory levels dropped, which could pressure pump prices and slow price decreases if the trend holds. Yet for now, prices continue to drop.

Crude prices continue to fluctuate and impact pump prices. This morning, oil is priced at $98 to $104 per barrel. If oil prices increase, gas prices will likely follow, as oil accounts for half of each gallon of gasoline produced.

To conserve fuel, motorists should map routes, avoid peak traffic times like rush hour, and combine errands into one trip while using cruise control when possible. Drivers should also make sure tire pressure is at the vehicle’s recommended level for the best gas mileage while removing any unnecessary and bulky items from the car since it takes more fuel to accelerate a heavy vehicle. Get more tips here: https://gasprices.aaa.com/news/fuel-saving-tips/. Motorists can benefit from comparing pump prices before filling up with the AAA mobile app for iPhone, iPad and Android.

AAA members receive discounts at gas stations such as Fastrac, Maple Leaf Market and Shell. Learn more here. AAA members can save on gas by joining the Fuel Rewards at Shell program. Join at AAA.com/Shell. Motorists can also locate gas prices across the country and stay up-to-date on the latest news and fuel-saving tips at http://gasprices.aaa.com.

As upstate New York’s largest member services organization, AAA Western and Central New York provides more than 887,000 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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