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February 24, 2020 - 5:52pm

Extra midweek travel leads to spike in national gas price

posted by Howard B. Owens in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $2.47, up 3 cents since last week. One year ago, the price was $2.39. The New York State average is $2.61 – no change from last week. A year ago, the NYS average was $2.52. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.59. (down 1 cent since last week)
  • Buffalo -- $2.54 (down 2 cents since last week)
  • Ithaca -- $2.62 (down 1 cent since last week)
  • Rochester -- $2.55 (down 2 cents since last week)
  • Rome -- $2.62 (no change since last week)
  • Syracuse -- $2.48 (no change since last week)
  • Watertown -- $2.61 (no change since last week)

The national average price for regular unleaded gasoline is $2.47 per gallon, which is 3 cents more than last week, 6 cents less than a month ago, and 8 cents more than a year ago.

With many people traveling for midwinter break, demand increased over the past week, which contributed to the spike in national gas prices.

Total national gasoline stocks also decreased last week, so that drop in supply also sent prices up nationally.

Demand will likely fluctuate in coming weeks with spring break travel and peak at Easter week.

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