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Gas prices keep moving lower: National average continues fall decline

Submitted

Mon, Oct 23rd 2023 12:45 pm

By AAA of Western and Central New York

Today’s national average price for a gallon of gasoline is $3.55, down 5 cents from last Monday. One year ago, the price was $3.80. The New York state average is $3.78, down 3 cents from a week ago. A year ago, the NYS average was $3.67.

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

  • Batavia – $3.77 (down 4 cents from last Monday)
  • Buffalo – $3.78 (down 3 cents from last Monday)
  • Elmira – $3.66 (down 3 cents from last Monday)
  • Ithaca – $3.84 (down 3 cents from last Monday)
  • Rochester – $3.83 (down 2 cents from last Monday)
  • Rome – $3.82 (down 6 cents from last Monday)
  • Syracuse – $3.78 (down 3 cents from last Monday)
  • Watertown – $3.81 (down 2 cents from last Monday)

Despite global tensions causing ripples in the oil market, the national average for a gallon of gas has continued its autumnal dip, falling 5 cents since last week to $3.55. Pump prices have fallen 33 cents from their 2023 peak of $3.88 last month, and that is helping drivers save about $5 every time they fuel up.

According to new data from the Energy Information Administration (EIA), gas demand increased while supply fell over the last week, but flat oil prices are keeping pump prices on the decline. Oil is trading in the $87-$91 per barrel range this morning.

There is mixed data when it comes to diesel prices. The national average price for diesel is $4.50, up 4 cents from last Monday, but down from $5.33 a year ago. The New York average for diesel is $4.70, down 1 cent from a week ago, but lower than $5.75 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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