AAA Gas Prices Report October 25, 2021: No Relief At The Pump, Gas Prices Continue To Increase

by Contributor | October 25, 2021 10:26 am

CENTRAL NEW YORK – Today’s national average price for a gallon of gasoline is $3.39, up six cents from last week. One year ago, the price was $2.16. The New York State average is $3.53 – up ten cents from last week. A year ago, the NYS average was $2.25.

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

• Batavia – $3.45 (up seven cents from last week)
• Buffalo – $3.45 (up nine cents from last week)
• Ithaca – $3.50 (up seven cents from last week)
• Rochester – $3.50 (up eight cents from last week)
• Rome – $3.51 (up seven cents from last week)
• Syracuse – $3.48 (up nine cents from last week)
• Watertown – $3.52 (up ten cents since last week)

The increase in gas prices is more drastic this week than last with the national average jumping six cents and local prices increasing even more. According to the latest data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased while gasoline demand increased.

With the U.S. economy recovering from the depths of the pandemic, demand for gas has gone up, but supply is tight. Higher demand coupled with a decline in stocks, alongside elevated crude prices, has put upward market pressure on pump prices.

Pump prices will likely rise as long as crude prices remain high — above $84 per barrel this morning.

Source URL: https://oswegocountytoday.com/news/aaa-gas-prices-report-october-25-2021-no-relief-at-the-pump-gas-prices-continue-to-increase/

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