What It Costs to Fill The Tank

What It Costs to Fill The Tank

A look at the latest gas prices in the region (provided by AAA):

A boost in gasoline stocks is helping to keep prices down

Today’s national average price for a gallon of gasoline is $2.75, down six cents from last week.

One year ago, the price was $2.92.

The New York State average is $2.90 – down three cents from last week.

A year ago, the NYS average was $3.07.

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

• Batavia – $2.83 (down one cent since last week)

• Buffalo – $2.87 (down one cent since last week)

• Ithaca – $2.84 (down two cents since last week)

• Rochester – $2.84 (down three cents since last week)

• Rome – $2.86 (down one cent since last week)

• Syracuse – $2.81 (down three cents since last week)

• Watertown – $2.88 (down five cents since last week)

Gasoline stocks rose again last week though they remain much lower than last year.

If stocks continue to increase, alongside declining oil prices, American motorists will likely see the cost of gasoline continue to fall at their local gas stations this week.

Summer 2019 gasoline demand is forecasted to be extremely high – reaching some of the highest levels on record in the U.S.

If the country sees warm summer weather that encourages travel and demand reaches expected levels, pump prices could see modest increases, especially if supply is tight in local markets.