What It Costs to Fill The Tank
A look at the latest gas prices in the region (provided by AAA):
Gas Prices Remain Stable
Gas stocks growing as demand decreases
Today’s national average price for a gallon of gasoline is $2.55, down two cents since last week.
One year ago, the price was $2.38.
The New York State average is $2.67 – down one cent from last week.
A year ago, the NYS average was $2.71.
AAA Western and Central New York reports the following averages:
• Batavia – $2.65 (down one cent since last week)
• Buffalo – $2.61 (no change since last week)
• Ithaca – $2.66 (no change since last week)
• Rochester – $2.65 (no change since last week)
• Rome – $2.61 (no change since last week)
• Syracuse – $2.58 (down one cent since last week)
• Watertown – $2.66 (no change since last week)
Total domestic gasoline stocks continue to increase, according to data from the Energy Information Administration.
Stocks increased by 5.4 million barrels in the most recent report, bringing the total to 234.8 million barrels.
Additionally, gas demand decreased.
As stocks continue to grow, while demand decreases, pump prices across the nation are likely to continue seeing downward pressure this week before holiday travel begins.
Gas prices are higher this year than one year ago.
The year-over-year difference is due to higher crude prices this winter compared to last year.
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Fuel prices in the US are obNOXIOUS. #1 The Federal Highway Trust Fund has not has been risen since 1993, thus, our roads and bridges resemble the condition of those in a developing country. At 18.4¢ per gallon it has essentially gone down with inflation. #2 The fuel economy of the US fleet is an embarrassment and the president** is recommending even further cuts. #3 The trucks Americans use for family transport is an anodyne construct. The solution would be a hefty tax on poor fuel economy which would give rise to mass transit expansion and more sedans, hybrids and electric vehicles, which would put the US back on track towards clean air, soil and water, smooth roads and safe bridges.
I suggest the following surcharges based on Environmental Protection Agency fuel economy ratings: less than 10 mpg-$3500 per year; 10-15 mpg-$3000 per year; 16-20 mpg-$2500 per year; 21-25 mpg-$2000 per year; 26-30 mpg- $1500 per year; 31-35 mpg-$1000 per year; 30+ mpg – no surcharge.