Today’s national average price for a gallon of gasoline is $3.85, down 5 cents from one week ago. One year ago, the price was $3.15. The New York State average is $4.14, down 11 cents since last Monday. A year ago, the NYS average was $3.23. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.27 (down 7 cents from last week)
• Buffalo - $4.19 (down 11 cents from last week)
• Elmira - $4.09 (down 12 cents from last week)
• Ithaca - $4.27 (down 16 cents from last week)
• Rochester - $4.26 (down 10 cents from last week)
• Rome - $4.40 (down 7 cents from last week)
• Syracuse - $4.23 (down 10 cents from last week)
• Watertown - $4.40 (down 10 cents from last week)

Stable global oil prices and modest domestic demand for gasoline has resulted in lower pump prices. Drivers are now benefiting from gas prices that are more than one dollar less than their peak in mid-June. But now we need to keep an eye on the weather as hurricane season arrives. Storms can affect prices by disrupting oil production in the Gulf of Mexico and impacting large coastal refineries.

This morning oil prices range from $94 to $101 per barrel. With Labor Day travel kicking off this week, travelers will benefit from lower gas prices.

From Gas Buddy:

“The national average has declined for another week, extending the slide for the eleventh straight week. Gas prices are now $1.20 per gallon lower than mid-June with Americans spending $450 million less on gasoline every day as a result," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Some issues have developed that we're keeping a close eye on, including the shut down of the largest refinery in the Midwest. While that refinery may get back online sooner rather than later, it's not impossible that down the road the situation could impact prices in the region. For the rest of the country, however, we'll continue to see prices moderate. This is of course subject to hurricane season, and it does appear that the tropics are starting to see some activity, so there's no guarantee the decline will continue."

Today’s national average price for a gallon of gasoline is $3.90, down 6 cents from one week ago. One year ago, the price was $3.16. The New York State average is $4.25, down 9 cents since last Monday. A year ago, the NYS average was $3.22. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.34 (down 6 cents from last week)
• Buffalo - $4.30 (down 9 cents from last week)
• Elmira - $4.21 (down 15 cents from last week)
• Ithaca - $4.43 (down 7 cents from last week)
• Rochester - $4.36 (down 9 cents from last week)
• Rome - $4.47 (down 6 cents from last week)
• Syracuse - $4.33 (down 10 cents from last week)
• Watertown - $4.50 (down 7 cents from last week)

The summer travel season has ended in many parts of the country where school is back in session. That, coupled with lower oil prices, is bringing some relief at the pump as gas prices drop. This morning oil prices range from $89 to $95 per barrel – down significantly from the spring spikes.

In Western and Central New York, summer travel is expected to remain strong through Labor Day. If oil prices drop even further, gas prices should follow.

From Gas Buddy:

“While some areas saw gas prices rise slightly last week, the national average saw yet another weekly decline, extending the streak to ten straight weeks. The pace of declines is certainly slowing down as oil prices have bounced up slightly, but the West Coast and Northeastern U.S. are areas that still may see gas prices decline, while the South and Midwest see the drop fade and potentially slight increases," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition to falling gasoline prices, the average price of diesel has fallen below $5 per gallon for the first time since March, likely helping to cool off aggressive inflation numbers. Thus far, Mother Nature has spared us from disruptions from hurricanes, but that remains a wildcard as we head into the peak of hurricane season."

Today’s national average price for a gallon of gasoline is $3.96, down 10 cents from one week ago. One year ago, the price was $3.18. The New York State average is $4.34, down 9 cents since last Monday. A year ago, the NYS average was $3.23. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.40 (down 5 cents from last week)
• Buffalo - $4.39 (down 7 cents from last week)
• Elmira - $4.36 (down 6 cents from last week)
• Ithaca - $4.50 (down 9 cents from last week)
• Rochester - $4.45 (down 9 cents from last week)
• Rome - $4.53 (down 10 cents from last week)
• Syracuse - $4.43 (down 8 cents from last week)
• Watertown - $4.57 (down 11 cents from last week)

On Thursday, the national average dropped below $4 per gallon for the first time since March 5. In the spring, oil prices spiked in reaction to Russia’s invasion of Ukraine, leading the national average to a new all-time high.

According to new data from the Energy Information Administration (EIA), gas demand increased from 8.54 million b/d to 9.12 million b/d last week. However, the rate is 307,000 b/d lower than last year. Moreover, according to EIA, total domestic gasoline stocks decreased by 5 million bbl to 220.3 million bbl. Although gasoline demand has increased and supply has tightened, lower oil prices have helped lower pump prices. If oil prices continue to decline, drivers will likely continue to see pump prices decrease.

Crude oil prices rose slightly last week after the U.S. Bureau of Labor and Statistics reported a smaller than expected increase in inflation last month at 8.5 percent. The rise in market optimism helped to boost prices despite the EIA reporting that total domestic crude supply increased by 5.4 million bbl last week. Since then, crude prices have dropped back down and, as of this morning, range from $90 to $96 per barrel.

From Gas Buddy:

“For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded," said Patrick De Haan, head of petroleum analysis at GasBuddy. "That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better than expected jobs report last week likely means less demand destruction than anticipated."

Today’s national average price for a gallon of gasoline is $4.06, down 15 cents from one week ago. One year ago, the price was $3.19. The New York State average is $4.43, down 9 cents since last Monday. A year ago, the NYS average was $3.22. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.45 (down 4 cents from last week)
• Buffalo - $4.45 (down 6 cents from last week)
• Elmira - $4.42 (down 8 cents from last week)
• Ithaca - $4.59 (down 6 cents from last week)
• Rochester - $4.54 (down 7 cents from last week)
• Rome - $4.63 (down 7 cents from last week)
• Syracuse - $4.51 (down 7 cents from last week)
• Watertown - $4.68 (down 4 cents from last week)

According to the latest data from the Energy Information Administration (EIA), gas demand dropped recently to the point where it was in line with demand at the end of July 2020 when COVID-19 restrictions were in place. Meanwhile, stocks continue to rise while oil prices remain lower, which is leading to a drop in gas prices.

This morning, oil prices range from $89 to $95 per barrel. Crude prices have fallen as market concerns about weakening demand persist after the EIA reported that total domestic crude inventory increased. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group also known as OPEC+, announced plans to boost collective crude production by 100,000 barrels next month. However, the slight increase is unlikely to have a significant pricing impact – especially if demand continues to decline.

While overall demand has dropped in the U.S., we are seeing strong demand in New York as the summer travel season continues. Some states return to school earlier than this region, so their summer travel season is wrapping up. Also, new AAA consumer research shows that almost two-thirds of Americans have reduced their driving due to high gas prices.

From Gas Buddy:

"The national average is poised to fall back under $4 per gallon as early as today as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Diesel continues to decline as well, and will likely soon fall under $5 per gallon. We've even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa. The groundwork is laid for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average. While I'm upbeat the drop can continue for another couple weeks, we're starting to see some activity in the tropics, which may increase risk of potential disruption."

Today’s national average price for a gallon of gasoline is $4.21, down 15 cents from one week ago. One year ago, the price was $3.17. The New York State average is $4.52, down 6 cents since last Monday. A year ago, the NYS average was $3.21. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.49 (down 3 cents from last week)
• Buffalo - $4.51 (down 7 cents from last week)
• Elmira - $4.50 (down 10 cents from last week)
• Ithaca - $4.65 (down 6 cents from last week)
• Rochester - $4.61 (down 7 cents from last week)
• Rome - $4.70 (down 6 cents from last week)
• Syracuse - $4.58 (down 7 cents from last week)
• Watertown - $4.72 (down 3 cents from last week)

According to the latest data from the Energy Information Administration (EIA), gas demand increased in recent weeks while inventory levels dropped, which could pressure pump prices and slow price decreases if the trend holds. Yet for now, prices continue to drop.

Crude prices continue to fluctuate and impact pump prices. This morning, oil is priced at $98 to $104 per barrel. If oil prices increase, gas prices will likley follow as oil accounts for half of each gallon of gasoline produced.

From Gas Buddy:

“We continue to see average gas prices falling in every state, with the national average down for the seventh straight week. Even better, nearly 20 states have also seen their average decline to $3.99 or less, with over 70,000 stations now at that level or below," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The outlook is for a continued drop in most areas. However, some supply tightness in areas of the Northeastern U.S. could push prices up slightly until inventories rise, or imports do. For now, Americans are seeing prices nearly 90 cents lower than their mid-June peak and are spending close to $330 million less on gasoline every day as a result. As long as oil prices hold at these levels or lower, we'll see another decline in most areas this week."

Today’s national average price for a gallon of gasoline is $4.36, down 17 cents from last week. One year ago, the price was $3.16. The New York State average is $4.58, down 12 cents since last Monday. A year ago, the NYS average was $3.19. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.52 (down 10 cents from last week)
• Buffalo - $4.58 (down 11 cents from last week)
• Elmira - $4.60 (down 11 cents from last week)
• Ithaca - $4.71 (down 9 cents from last week)
• Rochester - $4.68 (down 10 cents from last week)
• Rome - $4.76 (down 7 cents from last week)
• Syracuse - $4.65 (down 8 cents from last week)
• Watertown - $4.75 (down 9 cents from last week)

According to the latest data from the Energy Information Administration (EIA), gas demand increased last week but was lower than this time last year and was more in line with the demand seen in mid-July 2020, when COVID-19 regulations curbed demand. Additionally, total domestic gasoline socks increased, signaling that low demand led to growth in inventory last week. If demand remains low as stocks increase, alongside a continuing reduction in crude oil prices, drivers will likely see pump prices continue to decline.

From Gas Buddy:

“Gas prices continue falling coast to coast, with the national average last week declining for the sixth straight week, or 40 days in a row. The national average is now down an astounding 70 cents in that timeframe," said Patrick De Haan, head of petroleum analysis at GasBuddy. "I have no reason yet to expect the decline won't reach seven straight weeks, as gas stations still have plenty of room to decline as oil prices remain under $100 per barrel. However, should the tropics become more active, the decline could eventually reverse. In addition, this week we'll see GDP data for the second quarter, and if it's better than expected, we may see oil rally, slowing the descent. For now, nine states are seeing average prices under $4 per gallon, a number that will rise this week, with over 40,000 stations under that level, keeping $266 million per day in motorists’ wallets versus mid-June."

Today’s national average price for a gallon of gasoline is $4.52, down 16 cents from last week. One year ago, the price was $3.17. The New York State average is $4.69, down 11 cents since last Monday. A year ago, the NYS average was $3.20. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.62 (down 10 cents from last week)
• Buffalo - $4.68 (down 8 cents from last week)
• Elmira - $4.70 (down 9 cents from last week)
• Ithaca - $4.80 (down 6 cents from last week)
• Rochester - $4.77 (down 9 cents from last week)
• Rome - $4.82 (down 8 cents from last week)
• Syracuse - $4.73 (down 8 cents from last week)
• Watertown - $4.83 (down 7 cents from last week)

According to the latest data from the Energy Information Administration (EIA), gas demand tapered off over the past two weeks following the Independence Day holiday, while total domestic gas stocks increased. The lower demand, alongside cheaper oil prices, has helped to push pump prices down. If these supply/demand dynamics hold, drivers will likely continue to see price relief at the pump. This morning, oil prices are hovering around the $100 per barrel mark, which is down slightly compared to one week ago though prices did drop below $100 at one point last week.

Press release:

“We've seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we've seen in years. This trend is likely to reach a sixth straight week, with prices likely to fall again this week. Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99/gal by mid-August," said Patrick De Haan, head of petroleum analysis at GasBuddy. "So far, we've seen the national average drop for 34 straight days, with over 25,000 stations now back at $3.99 per gallon or less, and thousands more stations will join this week. In addition, we will see several states fall back under an average of $4, the majority being in the south, but that could spread to more states in the weeks ahead.”

Today’s national average price for a gallon of gasoline is $4.68, down 13 cents from last Monday and down 12 cents since reported last Tuesday. One year ago, the price was $3.14. The New York State average is $4.80, down 9 cents since last Monday. A year ago, the NYS average was $3.20. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.72 (down 8 cents from last Tuesday)
• Buffalo - $4.76 (down 5 cents from last Tuesday)
• Elmira - $4.79 (down 8 cents from last Tuesday)
• Ithaca - $4.86 (down 5 cents from last Tuesday)
• Rochester - $4.86 (down 7 cents from last Tuesday)
• Rome - $4.90 (down 5 cents from last Tuesday)
• Syracuse - $4.81 (down 7 cents from last Tuesday)
• Watertown - $4.90 (down 3 cents from last Tuesday)

Early last week, unleaded gasoline dropped below $5 a gallon at about 80% of gas stations across the country as oil prices dropped amid broad market concern regarding a potential slow, or even stall, of economic growth due to rising interest rates and inflation. A lower economic growth rate than expected could cause crude demand to further decline, leading pump prices to follow suit. This morning, oil prices are at $103 to $105, down slightly from the $103 to $107 per barrel seen last Tuesday.

Last Wednesday, data from the Energy Information Administration (EIA) showed that gas demand sat at 8.93 million b/d, which was lower the last year’s rate of 9.11 million b/d at the end of June. On the other hand, domestic gasoline stocks increased by 2.6 million bbl to 221.6 million bbl. These supply and demand dynamics, along with decreasing oil prices, have pushed pump prices lower. If these trends continue, drivers will likely continue to see relief at the pump.

From Gas Buddy:

“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020. Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago," said Patrick De Haan, head of petroleum analysis at GasBuddy. "We may see the trend last a fifth week, as long as oil prices remain cooperative and don't surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we're not completely out of the woods yet - we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue."

Today’s national average price for a gallon of gasoline is $4.80, down 10 cents from last Monday and down 8 cents in one week since last Tuesday. One year ago, the price was $3.13. The New York State average is $4.89, down 7 cents since last Monday. A year ago, the NYS average was $3.18. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.79 (down 9 cents from last Monday)
• Buffalo - $4.81 (down 5 cents from last Monday)
• Elmira - $4.87 (down 6 cents from last Monday)
• Ithaca - $4.91 (down 4 cents from last Monday)
• Rochester - $4.92 (down 3 cents from last Monday)
• Rome - $4.95 (down 2 cents from last Monday)
• Syracuse - $4.88 (down 5 cents from last Monday)
• Watertown - $4.93 (down 4 cents from last Monday)

About 80 percent of gas stations across the country are now selling regular unleaded gasoline for under $5 a gallon. Oil prices are down amid broad market concern regarding the potential for economic growth to slow or stall due to rising interest rates and inflation. This morning, oil prices are at $103 to $107 compared to $108 to $113 per barrel one week ago.

With the Independence Day holiday behind us, summer travel is in full swing. AAA expected 47.9 million people to travel 50 miles or more from home over the holiday weekend. This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019 with car travel setting a new record. Summer travel is expected to be robust through Labor Day.

From Gas Buddy:

“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that's well-needed relief at a time when gas prices remain near records."

Today’s national average price for a gallon of gasoline is $4.90, down 8 cents from last Monday. One year ago, the price was $3.10. The New York State average is $4.96, down 5 cents since last Monday. A year ago, the NYS average was $3.15. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $4.88 (down 1 cent from last Monday)
• Buffalo - $4.86 (down 3 cents from last Monday)
• Elmira - $4.93 (down 4 cents from last Monday)
• Ithaca - $4.95 (down 3 cents from last Monday)
• Rochester - $4.95 (down 2 cents from last Monday)
• Rome - $4.97 (down 1 cent from last Monday)
• Syracuse - $4.93 (down 3 cents from last Monday)
• Watertown - $4.97 (down 1 cent from last Monday)

Lower oil prices have brought some relief to the pump. Crude prices have dropped amid broad market concern regarding the potential for economic growth to slow or stall due to rising interest rates and inflation. A lower economic growth rate than expected could cause crude demand to decline, leading prices to follow suit. This morning oil prices are at about $108 to $113 per barrel.

Meanwhile, the Energy Information Administration did not release gasoline demand/supply and domestic oil inventory levels data last week due to “systems issues,” but demand is expected to pick up this week as travelers head out for the Independence Day holiday. AAA predicts 47.9 million people will travel 50 miles or more from home over the holiday weekend (June 30 – July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019. The biggest surprise – car travel – will set a new record despite historically high gas prices with 42 million people hitting the road. AAA reminds road trippers and air travelers to pack their patience and plan ahead to avoid hassles.

From Gas Buddy:

"With Independence Day a week away, gas prices have continued to fall for the second straight week as the price of oil has faltered, ushering in the drop we're seeing. The good news is we could also see a third straight week of decline," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While prices will be at their highest July 4th level ever, they'll have fallen close to 20 cents since our peak in early June. Motorists should be wary that while the decline could continue for the week ahead, any sudden jolts to supply could quickly cause a turnaround, and risk remains that when the peak of hurricane season arrives, we could see a super spike at the pump."