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Gas prices stable heading into the holidays

By Howard B. Owens

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $2.55, no change since last week. One year ago, the price was $2.33. The New York State average is $2.69 – up 2 cents from last week. A year ago, the NYS average was $2.66. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $2.65 (no change since last week)
  • Buffalo -- $2.60 (down 1 cent since last week)
  • Ithaca -- $2.66 (no change since last week)
  • Rochester -- $2.65 (no change since last week)
  • Rome -- $2.64 (up 3 cents since last week)
  • Syracuse -- $2.60 (up 2 cents since last week)
  • Watertown -- $2.68 (up 2 cents since last week)

Gas prices are relatively stable given the increase in demand for holiday travel this week. With so many motorists out and about for holiday shopping and for holiday road trips, demand is high.

Pump price savings, albeit it small, are expected to come to New York State by the end of the year and are likely to linger into next year.

AAA forecasts that motorists can expect gas prices to edge cheaper by about a dime in the coming weeks as regional refinery rates and gasoline stocks increase throughout the Northeast region.\

From GasBuddy:

"With motorists preparing to hit the road to celebrate Christmas with loved ones, the national average has seen its seventh weekly decline, falling to a fresh low since March, " said Patrick DeHaan, head of petroleum analysis for GasBuddy.

"Closing out 2019 will likely see some additional downward momentum, but the next million-dollar question motorists are beginning to ask: what will the new decade bring to the pump? What's 2020 going to look like?

"GasBuddy is preparing to answer those questions just in time for the New Year, but for now, motorists need not worry, and should continue to enjoy affordable gasoline prices in nearly all states- and that's a terrific end to 2019 as well."

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