AAA Gas Prices Report May 31, 2022: Oil Prices Shoot Up

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CENTRAL NEW YORK – Today’s national average price for a gallon of gasoline is $4.62, up 2 cents from last Tuesday. One year ago, the price was $3.05. The New York State average is $4.93, no change since last week. A year ago, the NYS average was $3.08.

AAA Western and Central New York (AAA WCNY) reports the following averages:
Batavia – $4.83 (down 1 cent from last Tuesday)
Buffalo – $4.83 (no change since last Tuesday)
Elmira – $4.87 (up 2 cents from last Tuesday)
Ithaca – $4.87 (up 1 cent from last Tuesday)
Rochester – $4.89 (up 1 cent from last Tuesday)
Rome – $4.89 (up 2 cents from last Tuesday)
Syracuse – $4.86 (no change since last Tuesday)
Watertown – $4.90 (up 1 cent from last Tuesday)

With Memorial Day in the review mirror, motorists are hoping for some relief at the pump. That will depend on oil prices, demand, and geopolitical factors. In a typical year, pump prices peak around Memorial Day and taper off over the summer though summer prices are almost always more expensive than winter prices due to increased demand and summer blend fuel that is more expensive to produce.

This morning, oil prices are over $118 per barrel, which is a significant increase over last week. If oil prices remain elevated, motorists will likely continue to feel pain at the pump.

Meanwhile, the national average for diesel fuel is at $5.52. One year ago the price was $3.19. In New York, the average price for diesel is $6.45. One year ago the price was $3.23.

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/.

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