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Gas prices drop along with demand, oil prices: Prices could continue to drop in coming weeks


Mon, Oct 9th 2023 11:05 am

By AAA of Western and Central New York

Today’s national average price for a gallon of gasoline is $3.70, down 11 cents from last Monday. One year ago, the price was $3.91. The New York state average is $3.85, down four cents from a week ago. A year ago, the NYS average was $3.63.

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

  • Batavia – $3.82 (no change from last Monday)
  • Buffalo – $3.84 (down 2 cents from last Monday)
  • Elmira – $3.76 (down 3 cents from last Monday)
  • Ithaca – $3.91 (down 2 cents from last Monday)
  • Rochester – $3.87 (down 2 cents from last Monday)
  • Rome – $3.91 (down 2 cents from last Monday)
  • Syracuse – $3.85 (down 3 cents from last Monday)
  • Watertown – $3.89 (down 4 cents from last Monday)

National pump prices dropped significantly amid lower demand and a decrease in oil prices. This morning, oil is $85 to $86 per barrel.

According to the latest data from the Energy Information Administration (EIA), gas demand dropped sharply while total domestic gasoline stocks increased substantially. Growing supply, amid low demand, has pushed pump prices down. If oil prices continue to decline, drivers can expect further price drops at the pump in the weeks ahead.

There is mixed data when it comes to diesel prices. The national average price for diesel is $4.51, down five cents from last Monday, and down from $5.03 a year ago. The New York average for diesel is $4.73, down two cents from a week ago, but lower than $5.09 one year ago.

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 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 862,000 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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