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A year after most of country in lockdown, gas prices up a buck

By Press Release

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $2.87, up 1 cent from last week. One year ago, the price was $1.82. The New York State average is $2.89 – no change from last week. A year ago, the NYS average was $2.23.

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

  • Batavia -- $2.85 (up 1 cent since last week)
  • Buffalo -- $2.82 (no change since last week)
  • Ithaca -- $2.86 (down 1 cent since last week)
  • Rochester -- $2.87 (no change since last week)
  • Rome -- $2.94 (up 1 cent since last week)
  • Syracuse -- $2.85 (no change since last week)
  • Watertown -- $2.95 (no change since last week)

The national average gas price is now $2.87 – up $1.05 from last year when most of the country was on lockdown. Current demand has tapered since Easter vacations are complete. Demand will likely increase as more communities open and students head back to in-person learning. Gasoline stocks recovered with an increase last week keeping gas prices flat. Typically gas prices reach their highest level of the year as Memorial Day approaches.

From GasBuddy:

"Gas prices have remained largely stable in the last week across much of the country with the exception of the West Coast, where prices in some areas continue to advance, mainly in California as summer gasoline and healthy demand have boosted prices, but for everyone else, we're far removed from the fast pace of increases we saw earlier this year," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Gasoline demand has given up ground for the second straight week, likely due to some areas seeing a rise in coronavirus cases, and as spring break plans conclude. The next trend in gas prices isn't evident just yet, we may see additional slight sideways moves in the weeks ahead, until either demand starts to increase notably again, or we see the opposite."

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