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October 25, 2021 - 1:46pm
posted by Press Release in gas prices, news.

Press release from AAA:

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.

From Gas Buddy:

"Gas prices continued to soar in a majority of the nation over the last week as oil's meteoric rise pulls gasoline and other refined product prices higher. But, there may be some light at the end of the tunnel," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The sharp rise we've seen over the last three weeks should begin slowing down soon, barring another jump in the price of oil. This is because gasoline prices have now largely caught up to the jump in oil that started nearly a month ago. This isn't an all clear for the future, however, as oil prices could rise again at any time. But for now, oil has held around $83 per barrel, and without a further climb, gas price increases should slow down soon in the bulk of the nation."

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October 18, 2021 - 9:43am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.33, up six cents from last week. One year ago, the price was $2.17. The New York State average is $3.43 – up eight 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 - $3.38 (up five cents from last week)
  • Buffalo - $3.36 (up five cents from last week)
  • Ithaca - $3.43 (up seven cents from last week)
  • Rochester - $3.42 (up seven cents from last week)
  • Rome - $3.44 (up eight cents from last week)
  • Syracuse - $3.39 (up six cents from last week)
  • Watertown - $3.42 (up eight cents since last week)

Gas prices took a big jump over the past two weeks with national gas prices increasing 13 cents in two weeks.  Total domestic gasoline stocks decreased along with gasoline demand. Despite that drop in demand, which would typically bring prices down, gas prices increased. But high crude prices (above $80 per barrel) remain the main culprit for rising pump prices. As crude prices remain elevated, pump prices will likely follow suit.

From Gas Buddy:

"The national average closed the week by climbing to yet another fresh seven-year high, as the price of oil continues to drag gas prices along for the wild ride, leaving motorists on empty," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With OPEC holding back oil production and strong global oil demand, the situation will no doubt pave the road with even higher gas prices in the weeks ahead. Until several bottlenecks ease, including supply chains and low global inventories of oil, natural gas and coal, we'll be stuck feeling the pinch of rising oil and gasoline prices. The bad news is that for now, all I see is the upward trend at the pump continuing into the weeks ahead with no sign of relief just yet."
 

Comments
October 11, 2021 - 9:30am
posted by Howard B. Owens in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.27, up seven cents from last week. One year ago, the price was $2.19. The New York State average is $3.35 – up seven cents from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.33 (up seven cents from last week)
  • Buffalo - $3.31 (up eight cents from last week)
  • Ithaca - $3.36 (up eight cents from last week)
  • Rochester - $3.35 (up eight cents from last week)
  • Rome - $3.36 (up six cents from last week)
  • Syracuse - $3.33 (up ten cents from last week)
  • Watertown - $3.27 (up seven cents since last week)

Gasoline demand, the need for more oil production, and the price of crude oil all contribute to the fluctuating gas prices. OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC), and allied countries, chose not to move forward with an agreement to produce more crude oil in November. These factors combined led to an increase in gas prices locally and nationally. High crude prices (touching $78 per barrel) are keeping pump prices elevated.

From Gas Buddy:

"Last week saw oil prices advance to their highest in seven years, with a barrel of West Texas Intermediate crude oil surpassing the critical $80 per barrel level. The nation's gas prices were also pushed to their highest since 2014, all on OPEC's decision not to raise production more than it already agreed to in July," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The OPEC decision caused an immediate reaction in oil prices, and amidst what is turning into a global energy crunch, motorists are now spending over $400 million more on gasoline every single day than they were just a year ago. The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic. If Americans can’t slow their appetite for fuels, we've got no place for prices to go but up."

 

Comments
October 4, 2021 - 10:32am
posted by Howard B. Owens in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.20, up one cent from last week. One year ago, the price was $2.19. The New York State average is $3.28 – no change from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.26 (down one cent since last week)
  • Buffalo - $3.23 (no change since last week)
  • Ithaca - $3.28 (no change since last week)
  • Rochester - $3.27 (down one cent since last week)
  • Rome - $3.30 (no change since last week)
  • Syracuse - $3.23 (no change since last week)
  • Watertown - $3.27 (up one cent since last week)

After holding steady for more than a week, the national average for a gallon of regular gasoline rose by a penny as oil prices continue to increase. The latest data from the Energy Information Administration (EIA) shows that gasoline demand increased. Locally, drivers are finding mostly stable pump prices this week. However, high crude prices (above $75 per barrel) will help keep pump prices elevated.

 

Comments
September 27, 2021 - 10:44am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.19, down one cent from last week. One year ago, the price was $2.19. The New York State average is $3.28 – no change from last week. A year ago, the NYS average was $2.27. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.27 (up one cent since last week)
  • Buffalo - $3.23 (no change since last week)
  • Ithaca - $3.28 (no change since last week)
  • Rochester - $3.28 (no change since last week)
  • Rome - $3.30 (no change since last week)
  • Syracuse - $3.23 (down one cent since last week)
  • Watertown - $3.26 (up one cent since last week)

The national average for a gallon of regular gasoline has decreased by a penny to $3.18. According to the latest data from the Energy Information Administration (EIA), total domestic gasoline stocks increased while demand remained low helping to put downward pressure on pump prices. This easing is likely caused by the traditional post-Labor Day/end of summer driving season drop-off in demand. As of last week, approximately 16% of crude production in the Gulf of Mexico remained shuttered due to Hurricanes Ida and Nicholas. As the recovery and restoration process continues, pump prices will likely continue to stabilize. However, high crude prices (well above $70 per barrel) will contribute to pump prices likely remaining elevated this fall.

From Gas Buddy: 

"Average gas prices saw little change from a week ago, declining slightly. But overall, prices remained near 2021's peak price set in early August due to Covid-19 supply and demand imbalances," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Relief in average gas prices has really only shown up west of the Rockies thus far, and may continue to be delayed by an active hurricane season which has prevented gas prices from their normal seasonal decline. While I am optimistic that we eventually will see a decline in price, the drop is not likely to be as noticeable as I had anticipated due to the above average hurricane season and as demand remains seasonally strong."

Comments
September 20, 2021 - 11:19am
posted by Press Release in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.20, up two cents from last week. One year ago, the price was $2.18. The New York State average is $3.28 – no change from last week. A year ago, the NYS average was $2.27. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.26 (up one cent since last week)
  • Buffalo - $3.23 (no change since last week)
  • Ithaca - $3.28 (up one cent since last week)
  • Rochester - $3.28 (up one cent since last week)
  • Rome - $3.30 (no change since last week)
  • Syracuse - $3.24 (no change since last week)
  • Watertown - $3.25 (no change since last week)

The national gas price average has reached $3.195 (which rounds up to $3.20) tying early August peaks and matching a 7-year-high. Much of the rise in prices is due to impacts from Hurricanes Ida and Nicholas on oil and refinery production. Reduced crude production combined with gradual refinery restarts has led to a drop in percent of crude utilization nationwide. Meanwhile, total domestic stocks are down as well. As the recovery process continues, some states have already seen prices jump by 10 cents in a week.

From Gas Buddy:

"Gas prices have been stuck in somewhat of a limbo and remain near 2021 highs long after Hurricane Ida has dissipated. The damage done to oil production has been left behind and so far has prevented prices from resuming their seasonal decline," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Ida caused the loss of over 30 million barrels of oil production in the Gulf of Mexico, and with gasoline demand remaining relatively high for the season, oil inventories remain relatively tight, preventing any organized decline in gas prices for the time being. As a result, we may have to wait a couple more weeks until hurricane season slows for oil inventories to start to rise and gas prices to fall."

Comments
September 13, 2021 - 10:37am
posted by Howard B. Owens in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.18, down one cent from last week. One year ago, the price was $2.20. The New York State average is $3.28 – no change from last week. A year ago, the NYS average was $2.28. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.25 (down two cents since last week)
  • Buffalo - $3.23 (no change since last week)
  • Ithaca - $3.27 (up one cent since last week)
  • Rochester - $3.27 (no change since last week)
  • Rome - $3.30 (up one cent since last week)
  • Syracuse - $3.24 (down one cent since last week)
  • Watertown - $3.25 (no change since last week)

Note: prices are compared to last Monday, Labor Day. The last gas price report was issued Tuesday after the holiday.

The national gas price average has held steady for several days at $3.18. The latest data from the Energy Information Administration shows that gas demand increased slightly from 9.58 million b/d to 9.61 million b/d — a healthy reading for the Labor Day weekend. Meanwhile, total domestic stocks took a major step back by 7.2 million bbl to 220 million bbl. Refinery utilization was down almost 10% to 81.9%, as refineries impacted by Ida continue to progress in their recovery efforts. With demand increasing and supplies tightening, some states have seen prices fluctuate, with some up by four cents and others lower by 3 cents. This has helped stabilize the national average this week. However, as oil prices remain high (over $70 per barrel), the national average is expected to stay above $3 per gallon.

From Gas Buddy:

"Sagging U.S. gasoline demand along with continued recovery after Hurricane Ida have helped gas prices edge slightly lower in most states from where they were a week ago. But with Tropical Storm Nicholas threatening another key area of refineries in Houston with significant rain, we could see the decline in prices hit the pause button," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While Nicholas would appear to be a minor storm, we could see a deluge of water - the same issue that caused some significant damage in Ida's wake to refineries in Louisiana. Combined with the earlier storm, Nicholas could make things more challenging. However, as gasoline demand has now fallen for four straight weeks, there is more breathing room even if some capacity does temporarily go offline. It's too early to tell, clearly, but motorists should be aware."

Comments
September 7, 2021 - 9:51am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.19, up four cents from last week. One year ago, the price was $2.22. The New York State average is $3.28 – up five cents from last week. A year ago, the NYS average was $2.30. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.25 (up one cent since last week)
  • Buffalo - $3.23 (up seven cents since last week)
  • Ithaca - $3.26 (up six cents since last week)
  • Rochester - $3.28 (up eight cents since last week)
  • Rome - $3.29 (up two cents since last week)
  • Syracuse - $3.25 (up seven cents since last week)
  • Watertown - $3.24 (up two cents since last week)

AAA expected a jump in gas prices following the storm and taking into account the demand surrounding the holiday weekend; motorists are expected to pay the most expensive gas prices since 2014. However, AAA is happy to report there is ample gasoline supply in the U.S. Once the impact of the Gulf Coast storm is mitigated, and winter blend fuel is in production, gas prices should begin to decline.

From Gas Buddy:

"As expected, Hurricane Ida's disruption to the oil and refining industry led gas prices to rise over the last week, though thankfully, the rise wasn't very significant," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With several Louisiana refineries poised to have power restored in the days ahead, the impact on gas prices could soon reverse, and with gasoline demand now likely to decline with the close of the summer driving season, I see the odds rising that gas prices will soon begin a seasonal downturn, accelerated by the expiration of summer gasoline requirements on September 15. By Halloween, we could see the national average back under $3 per gallon."

Comments
August 30, 2021 - 9:17am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.15, down one cent from last week. One year ago, the price was $2.23. The New York State average is $3.23 – up one cent from last week. A year ago, the NYS average was $2.30. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.24 (up two cents since last week)
  • Buffalo - $3.16 (up two cents since last week)
  • Ithaca - $3.20 (up two cents since last week)
  • Rochester - $3.20 (up one cent since last week)
  • Rome - $3.27 (no change since last week)
  • Syracuse - $3.18 (no change since last week)
  • Watertown - $3.22 (up one cent since last week)

Gas prices began to fluctuate over the weekend due to Hurricane Ida impacting the Gulf Coast, though mostly in states in the storm’s path. A storm like this typically causes an increase in fuel purchases in the market and a slowdown in production due to oil refinery shutdowns. Spikes in pump price due to the effects of the storm tend to be brief but dramatic. Furthermore, the upcoming Labor Day weekend holiday travel could push prices up based on demand.

From Gas Buddy:

"While the national average price of gasoline declined yet again over the last week, Hurricane Ida has been causing countless disruptions to critical infrastructure, including oil production, refineries and pipelines. We're likely to see a reversal this week, but motorists need not be too concerned at this point," said Patrick De Haan, head of petroleum analysis for GasBuddy. "I expect the national average to rise in the neighborhood of 5-15 cents per gallon in the next couple of weeks- far smaller than the impact from Hurricanes Katrina and Harvey, but with damage assessments still to come, it’s possible we see slight deviation from that. While Colonial Pipeline shut Lines 1 and 2 as a precaution, it’s highly unlikely that this will cause any long-term disruption to fuel supply as we saw months ago after the company was hacked. The biggest question for refineries will be the flooding- which could alter the rise in gas prices, but the odds of a massive surge in gas prices nationwide are extremely low."

Comments
August 23, 2021 - 9:05am
posted by Press Release in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.16, down three cents from last week. One year ago, the price was $2.19. The New York State average is $3.22 – no change 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 - $3.22 (down two cents since last week)
  • Buffalo - $3.14 (down one cent since last week)
  • Ithaca - $3.18 (down one cent since last week)
  • Rochester - $3.19 (down one cent since last week)
  • Rome - $3.27 (no change since last week)
  • Syracuse - $3.18 (down one cent since last week)
  • Watertown - $3.21 (down one cent since last week)

Gas prices have dropped slightly as demand decreases since school is back in session in many parts of the country. In a recent report, the Energy Information Administration (EIA) notes that gas demand decreased while gasoline stocks increased leading to a cheaper national average price. If demand continues to soften and supply builds throughout this month, pump prices will likely continue to decline ahead of Labor Day weekend. However, strong holiday weekend travel would push prices up based on demand.

From Gas Buddy:

"Gasoline prices have started to slide over the last few days as oil prices have plunged, largely fueled by a continued global surge in Covid-19 cases and concern that fuel demand may shrink as more companies table return to work plans and the summer driving season comes to a close," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Excluding the plunge in gasoline prices as Covid unfolded in 2020, Sunday saw one of the largest single day declines in the national average in nearly three years. The good news won't end there, either, as I fully expect the national average could drop back under $3 per gallon in the next three weeks. The bottom line for motorists is that if they don't absolutely need to fill up, they should avoid doing so as fuel prices are nearly guaranteed to continue to decline in every state in the coming week."

Comments
August 16, 2021 - 8:13am
posted by Press Release in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.19, with no change in the past week. One year ago, the price was $2.18. The New York State average is $3.22 – up one cent 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 - $3.24 (up three cents since last week)
  • Buffalo - $3.15 (no change since last week)
  • Ithaca - $3.19 (down one cent since last week)
  • Rochester - $3.20 (no change since last week)
  • Rome - $3.27 (up one cent since last week)
  • Syracuse - $3.19 (no change since last week)
  • Watertown - $3.22 (down one cent since last week)

Summer gasoline demand is beginning to slow down. In a recent report, the Energy Information Administration (EIA) reported that gas demand dropped slightly, signaling that summer gas demand is likely softening as the school year starts in many parts of the country, in addition to COVID concerns. Additionally, total domestic gas stocks declined. The drop in demand has helped to minimize pump price increases. Crude prices have declined slightly due to market concerns that crude demand may not rebound this year as anticipated due to surging coronavirus infection rates across the globe. However, crude prices remain close to $70 per barrel, so AAA expects the national average to remain above $3 per gallon throughout the summer. Locally demand will likely remain high as Labor Day travel kicks in and students return to school later than in other parts of the country.

From Gas Buddy:

"As the number of Covid cases continues to surge globally, oil prices continue to be under pressure due to some countries instituting travel and movement limitations. This limits oil demand, which has led to the increase in gas prices slowing, and many states seeing slight drops compared to prices a week ago," said Patrick De Haan, head of petroleum analysis for GasBuddy. "In addition, the tropics are heating up, which could be a source of upward pressure on gas prices should we see a major hurricane target the Gulf Coast. However, without such a storm, gas prices may see some stability over the coming week or two, before slowly decreasing as the summer driving season wraps up."

Comments
August 9, 2021 - 11:48am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.19, up one cent in the past week. One year ago, the price was $2.18. The New York State average is $3.21 – up one cent from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.21 (up two cents since last week)
  • Buffalo - $3.15 (no change since last week)
  • Ithaca - $3.20 (no change since last week)
  • Rochester - $3.20 (up one cent since last week)
  • Rome - $3.26 (up one cent since last week)
  • Syracuse - $3.19 (up one cent since last week)
  • Watertown - $3.23 (up one cent since last week)

In its latest weekly report, the Energy Information Administration (EIA) reported that gas demand increased from 9.33 million b/d to 9.78 million b/d. Not only is the demand reading very robust for peak driving season, but 2% higher than the same time period in 2019. Additionally, total domestic gas stocks declined by 5.3 million bbl to 228.9 million bbl. These trends, combined with high crude prices, have helped to increase pump prices. As crude prices remain high, though back below $70/bbl, AAA expects the national average to remain above $3 per gallon throughout the summer.

From Gas Buddy:

"Motorists have seen average gas prices edge slightly higher over the last week, even as the price of oil saw selling pressure. This leads me to believe that the tide may soon turn on gas prices, so long as we don't see hurricanes target the country. In addition, GasBuddy data showed a decline in gasoline demand last week as we inch towards the end of the summer driving season, a time when demand softens," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With the factors that drive prices higher now softening, I'm hopeful that in the next few weeks, we'll start to see average gas prices declining. However, motorists shouldn't get too excited yet - larger declines will likely not come until late September and October, as we transition back to cheaper winter gasoline."

Comments
August 2, 2021 - 9:20am
posted by Press Release in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.18, up two cents in the past week. One year ago, the price was $2.18. The New York State average is $3.21 – up two cents from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia - $3.19 (up two cents since last week)
  • Buffalo - $3.15 (up two cents since last week)
  • Ithaca - $3.20 (up three cents since last week)
  • Rochester - $3.19 (up three cents since last week)
  • Rome - $3.25 (up one cent since last week)
  • Syracuse - $3.18 (up two cents since last week)
  • Watertown - $3.22 (up one cent since last week)

July was a busy month for travel and road trips - families are making the most of summer travel opportunities while many hotels are putting out the ‘no vacancy’ sign in popular beach destinations. The Energy Information Administration (EIA) reports that gas demand is up while total domestic gas stocks remain down. Oil prices are over $73 per barrel this morning while gas prices are up slightly across the board. There’s another month of summer travel ahead through Labor Day, and college students will begin their return to campuses in the meantime, so gas demand will likely remain high. AAA expects the national average to remain above $3 per gallon throughout the summer.

From Gas Buddy:

"The downward move in the national average last week was short-lived with the national average rebounding last week on continued strong gasoline demand in the U.S. which has pushed oil prices back up after a brief lull," said Patrick De Haan, head of petroleum analysis for GasBuddy. "According to GasBuddy data, demand last week set another 2021 high, eclipsing the previous week's record as we head into the prime of the summer driving season. For the next week or two, we may continue to see gas prices inch higher, but once schools begin re-opening and vacation season ends, we'll likely see demand trail off, allowing for gas prices to decline gently heading into Labor Day."

Comments
July 26, 2021 - 10:09am
posted by Press Release in gas prices, news, covid-19.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.16, down 1 cent in the past week. One year ago, the price was $2.18. The New York State average is $3.19 – down 1 cent from last week. A year ago, the NYS average was $2.27.

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

  • Batavia -- $3.17 (no change since last week)
  • Buffalo -- $3.13 (up 1 cent since last week)
  • Ithaca -- $3.17 (no change since last week)
  • Rochester -- $3.16 (no change since last week)
  • Rome -- $3.24 (down 1 cent since last week)
  • Syracuse -- $3.16 (no change since last week)
  • Watertown -- $3.21 (down 1 cent since last week)

The national average price for gasoline dropped from $3.17 a week ago to $3.156 (rounded up to $3.16) today. The Energy Information Administration (EIA) reports that gas demand continues to increase, but only slightly.

Additionally, total domestic gas stocks saw a slight decline. These trends have helped to stabilize price increases; however, crude oil prices have fluctuated in the past week over market concerns regarding the COVID-19 delta variant, and if they stay less expensive, it could mean cheaper prices ahead.

Though, AAA expects the national average to remain above $3 per gallon throughout the summer.

From GasBuddy:

"With oil prices struggling under the weight of a rise in new COVID-19 cases thanks to the Delta variant and OPEC's increase in oil production, average gas prices in most states finally drifted lower," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"However, we aren't yet in the clear -- U.S. gasoline demand last week surged to a new 2021 high, besting the week prior to the July 4 holiday. This shows that motorists aren't slowing their appetite for hitting the road just yet, and that could further boost prices should demand remain hot.

For now, motorists should enjoy the perhaps brief respite at the pump and buckle up for what might be a bumpy finish to summer."

Comments
July 19, 2021 - 10:08am
posted by Howard B. Owens in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.17, up 2 cents in the past week. One year ago, the price was $2.20. The New York State average is $3.20 – up 1 cent from last week. A year ago, the NYS average was $2.27.

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

  • Batavia -- $3.17 (up 1 cent since last week)
  • Buffalo -- $3.12 (no change since last week)
  • Ithaca -- $3.17 (down 1 cent since last week)
  • Rochester -- $3.16 (no change since last week)
  • Rome -- $3.25 (no change since last week)
  • Syracuse -- $3.16 (no change since last week)
  • Watertown -- $3.22 (up 1 cent since last week)

The national average price for gasoline is on the rise after demand reached an all-time high. Summer travel is in full swing as many people look to vacation after the coronavirus pandemic put plans on hold for some time. A recent report from the Energy Information Administration (EIA) shows that gas demand decreased from the all-time high of 10.04 million b/d to 9.28 million b/d.

The decrease, alongside a one million bbl increase in total domestic gasoline stocks to 236.5 million, has helped to slow pump price increases. However, with oil prices above $70 per barrel, pump prices will likely remain high (above $3 per gallon) throughout the busy summer driving season.

From GasBuddy:

"Gas prices across the country have been a bit sideways in the last week with a mixed bag of decreases and increases, but overall, the national average hasn't seen much meaningful direction as oil prices remain under their early-July levels thus far, thanks to OPEC coming to an agreement on production over the weekend," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"OPEC's plan is to raise oil production by 400,000 bpd each month until 2022, at which time OPEC's oil production will be back at pre-COVID levels. It's a positive development in light of U.S. gasoline demand which last week rose nearly 2 percent, which should act as a loose ceiling on the price of oil, and could mean we're even closer to seeing a peak in the national average if we haven't already."

Comments
July 12, 2021 - 1:48pm
posted by Howard B. Owens in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.15, up 2 cents in the past week. One year ago, the price was $2.20. The New York State average is $3.19 – up 1 cent from last week. A year ago, the NYS average was $2.26. AAA Western and Central New York (AAA WCNY) reports the following averages:

  • Batavia -- $3.16 (up 2 cents since last week)
  • Buffalo -- $3.12 (no change since last week)
  • Ithaca -- $3.18 (no change since last week)
  • Rochester -- $3.16 (no change since last week)
  • Rome -- $3.25 (up 1 cent since last week)
  • Syracuse -- $3.16 (no change cents since last week)
  • Watertown -- $3.21 (up 1 cent since last week)

Gas demand is on the rise. In a recent report, the Energy Information Administration (EIA) noted that gas demand jumped from to 10.04 million barrels per day.

The estimated rate, which will likely be revised in a few months after verified data is available, is the highest weekly gas demand estimate released by EIA since 1991 and only reflects one day of the Independence Day holiday weekend.

Higher demand and a 6.1-million-barrel decline in total gas stocks over the holiday last week have pushed pump prices higher. If these trends continue, while the price of crude remains above $70 per barrel, American drivers can expect gas prices to continue climbing during the busy summer driving season.

From GasBuddy:

"While the national average has seen a slight rise over the last week, we may see some stabilization coming to the pump as oil prices hold just under their 2021 peak from last week," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"Without additional crude oil supply coming online in the weeks ahead, we could see oil test $80 per barrel in the next couple of weeks. However, with U.S. gasoline demand falling slightly last week, we may have already seen peak consumption with the July 4 holiday.

"While the jury isn't quite in on that just yet, we're potentially only four to six weeks away from gas prices beginning a seasonal decline that we're likely all eagerly awaiting."

Comments
July 7, 2021 - 11:27am

From the Genesee -- Orleans County Department of Weights & Measures:

A majority of gas stations and fuel companies offer a variety of savings through the use of their credit/reward cards. These offers range from 3 to 25 cents off per gallon, which add up to huge savings over time.

“Often rural areas are burdened with higher fuel prices but these discounts bring us closer, if not below, the national average,” said Ronald P. Mannella, director of GO Health W&M. 

All fuel pumps within the two counties, roughly 450, are tested at least once annually. W&M inspects the pumps ensuring the correct amount is being dispensed as well as test fuel quality to confirm the octane/cetane is as labeled.

Throughout the year, the department tests more than 1,100 total devices using over 5 million pounds and 13,000 gallons of fuel!

Below is a list of stations within Genesee and Orleans counties that utilize credit/reward cards along with their website to learn more:

  • TOPS Markets

https://www.topsmarkets.com/gassavings/

Locations w/ Fuel: Medina, Batavia, Le Roy

  • Kwik Fill

https://www.kwikfill.com/charge-card

Locations: Medina, Albion, Batavia, Le Roy

  • Speedway

Locations: Batavia

https://www.speedway.com/speedyrewardsmastercard

  • 7-Eleven

Locations: Oakfield, Bergen   

https://onlineservices.secure.force.com/creditapplication/WexBOCA?pgm=7Eleven&cc=W7A&lc=wcs

  • Mobil Stations

Locations: Albion, Holley, Batavia, Pembroke, Elba

https://www.exxon.com/en

  • SUNOCO Stations

Locations: Medina, Clarendon, Kendall, Holley, Albion, Le Roy, Pavilion, Corfu

https://www.sunoco.com/consumer-credit-cards

  • Gulf Stations

Locations: Waterport

https://www.gulfoil.com/cards-payments#:~:text=The%20Gulf%20Card%20offers%20pay,fleet%20vehicles%20and%20company%20drivers.

  • CITGO Stations

Locations: Kent, Medina, Alexander, Attica, Batavia

https://www.citgo.com/payment-cards/rewards-card/rewards-card

  • Crosby’s

Locations: Clarendon, Kendall, Holley, Medina, Albion, Batavia, Byron, Corfu, Le Roy, Pavilion, Pembroke, Elba

https://crosbysstores.com/my-crosbys-rewards/

  • VP Fuel 

Locations: Holley

https://vpracingfuels.com/

  • Marathon

Locations: Lyndonville, Byron, Corfu, Batavia

https://www.marathonbrand.com/

  • Valero

Locations: Batavia

https://www.valero.com/

  • T&A

Locations: Corfu

https://www.ta-petro.com/

  • Pilot Flying J

Locations: Pembroke

https://pilotflyingj.com/rewards/

If you know of other fuel-saving opportunities please email: [email protected] and we will add it to this list.

Comments
July 6, 2021 - 11:04am
posted by Howard B. Owens in gas prices, news.

Press release from AAA: 

Today’s national average price for a gallon of gasoline is $3.13, up 3 cents in the past week. One year ago, the price was $2.18. The New York State average is $3.18 – up 3 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 -- $3.14 (up 4 cents since last Monday)
  • Buffalo -- $3.12 (up 5 cents since last Monday)
  • Ithaca -- $3.18 (up 7 cents since last Monday)
  • Rochester -- $3.16 (up 6 cents since last Monday)
  • Rome -- $3.24 (up 2 cents since last Monday)
  • Syracuse -- $3.16 (up 2 cents since last Monday)
  • Watertown -- $3.21 (up 3 cents since last Monday)

Crude oil prices have significantly increased in the last seven months. Following the Independence Day holiday weekend, AAA expects crude oil prices, and in turn gas prices, to increase and stay expensive through the end of summer.

The market has supported increasing crude oil prices in reaction to these variables:

  • Confidence in worldwide vaccination rollout;
  • Global oil demand spikes;
  • Easing of travel restrictions and optimism for leisure travel.

Crude oil accounts for more than half of the price at the pump. As it increases, so does the price consumers pay.

Press release from GasBuddy:

"Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years, and in the process, we could have set new all-time records for consumption," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, WTI crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market.

"For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed no where but up until global supply starts to catch up with the continued surge in demand."

Comments
June 28, 2021 - 1:41pm
posted by Howard B. Owens in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.10, up 3 cents in the past week. One year ago, the price was $2.18. The New York State average is $3.15 – up 2 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 -- $3.10 (up 2 cents since last Monday)
  • Buffalo -- $3.07 (no change since last Monday)
  • Ithaca -- $3.11 (no change since last Monday)
  • Rochester -- $3.10 (no change since last Monday)
  • Rome -- $3.22 (up 2 cents since last Monday)
  • Syracuse -- $3.14 (up 2 cents since last Monday)
  • Watertown -- $3.18 (up 1 cent since last Monday)

Demand for gasoline is on the rise as schools have wrapped up and summer travel is in full swing. Crude prices remain well over $70 per barrel. Crude prices continue to ascend due to optimism that vaccine rollout will continue to help crude demand recover.

In fact, the price of crude crossed the $73 per barrel threshold last week for the first time in nearly three years. Daily crude prices have not been this high since October 2018.

Increasing crude prices, while gas demand remains high, are pushing pump prices higher ahead of the Independence Day holiday weekend. For the holiday, AAA expects 43 million Americans to drive to their destinations. That is the highest on record for this holiday and 5 percent more than the previous record in 2019.

From GasBuddy: 

"With oil's continued push higher, fueled by continued strong demand globally and production only slowly answering, gasoline prices have had no choice but following the national average last week setting a new 2021 high," said Patrick De Haan, head of petroleum analysis for GasBuddy.

"As we approach July 4, it appears the only way forward is for gas prices to continue their rise as Americans insatiable demand for gasoline continues to be the catalyst for the rise in price.

"With hurricane season soon coming into its prime, we have plenty of catalysts for a rise in price, and few that could restrain the situation. Motorists should prepare to dig deeper for the second half of the summer, unfortunately."

Comments
June 21, 2021 - 10:23am
posted by Howard B. Owens in gas prices, news.

Press release from AAA:

Today’s national average price for a gallon of gasoline is $3.07, down 1 cent in the past week. One year ago, the price was $2.13. The New York State average is $3.13 – up 2 cents 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 -- $3.08 (no change since last Monday)
  • Buffalo- - $3.07 (up 3 cents since last Monday)
  • Ithaca -- $3.11 (up 6 cents since last Monday)
  • Rochester -- $3.10 (up 3 cents since last Monday)
  • Rome -- $3.20 (up 3 cents since last Monday)
  • Syracuse- - $3.12 (up 6 cents since last Monday)
  • Watertown -- $3.17 (up 2 cents since last Monday)

The national average for a gallon of regular gasoline has decreased by one cent to $3.07. In its latest report, the Energy Information Administration (EIA) noted growth in gasoline demand and stocks. The increase in total supply, even as gas demand increased, has helped to limit pump price fluctuations this week on the national level.

However, local motorists aren’t seeing much relief at the pump, and rising crude oil prices could mean higher prices later this month.

As of this morning, oil prices remain over $71 per barrel. Until two weeks ago, crude prices hadn’t crossed the $70/bbl threshold since mid-October 2018. 

From GasBuddy:

"The ferocious rise in gas prices has finally started to cool as gas prices have eased across a majority of the country for the first time in months," said Patrick De Haan, head of petroleum analysis for GasBuddy. "There have been some challenges in pockets across the country as demand remains very healthy, and stations in some areas where demand is very high struggle to keep up with demand thanks to the truck driver shortage.

"As we head toward the July 4 holiday, I'm optimistic that we'll continue to see prices slowly drift lower before possibly rising in later July or August should we see any disruptions from hurricane season. But for now it seems most Americans are simply happy to be getting outside and back to some sense of normal."

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