AAA Gas Prices Report May 2, 2022: Gas Prices Increase

by Contributor | May 2, 2022 7:53 am

CENTRAL NEW YORK – Today’s national average price for a gallon of gasoline is $4.19, up seven cents from last week. One year ago, the price was $2.90. The New York State average is $4.35, up 12 cents from last week. A year ago, the NYS average was $2.95.

AAA Western and Central New York (AAA WCNY) reports the following averages:
Batavia – $4.24 (up 3 cents from last week)
Buffalo – $4.23 (up 2 cents from last week)
Elmira – $4.29 (up 8 cents from last week)
Ithaca – $4.28 (up 7 cents from last week)
Rochester – $4.31 (up 3 cents from last week)
Rome – $4.32 (up 7 cents from last week)
Syracuse – $4.29 (up 5 cents from last week)
Watertown – $4.31 (up 6 cents from last week)

Gas prices are up across the board this week despite a slight drop in demand. Although lower gas demand would typically push pump prices lower, increasing oil prices and tight gasoline supply have pushed pump prices higher. Pump prices will likely face upward pressure as oil prices remain above $100 per barrel.

Crude prices have increased because the current level is approximately 16 percent lower than at the end of April 2021. As supply remains tight and the market remains highly volatile, crude prices will likely continue to fluctuate, pushing pump prices higher.

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/[1]

Source URL: https://oswegocountytoday.com/news/aaa-gas-prices-report-may-2-2022-gas-prices-increase/

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