Post-Holiday Gas Prices Could Stabilize
Post-Holiday Gas Prices Could Stabilize

Today’s national average price for a gallon of gasoline is $2.95, which is down two cents from last week. One year ago, the price was $2.38. The New York State average is $3.09, which is down one cent from last week. A year ago, the NYS average was $2.51. AAA Western and Central New York (AAA WCNY) reports the following averages:
• Batavia - $3.01 (no change since last week)
• Buffalo - $3.02 (up 2 cents since last week)
• Ithaca - $3.01 (no change since last week)
• Rochester - $3.03 (down 1 cent since last week)
• Rome - $3.07 (down 2 cents since last week)
• Syracuse - $3.03 (down 2 cents since last week)
• Watertown - $3.11 (down 1 cent since last week)
Today’s national average price for regular unleaded gasoline is $2.95 per gallon, which is two cents lower than last week, 13 cents more than a month ago, and 57 cents more than last year. When compared to prices at this time last year, increased crude prices and robust gasoline demand – among other factors – have helped push gas prices up. According to the Energy Information Administration’s (EIA) report for the week ending on May 25, demand remained unchanged from the previous week at 9.7 million barrels per day and gasoline inventories grew by approximately 500,000 barrels. Total gas stocks are running approximately 8.7 million barrels above the five-year average. Crude prices fell Friday because the dollar gained amid news of continued growth in the total number of jobs across the country. Based on these trends, pump prices are likely to stabilize.
If the OPEC and its partners decide to increase crude output, they will likely announce the decision on June 22 at the next OPEC meeting in Vienna, Austria.
Motorists can always find current gas prices along their route with the free AAA Mobile app for iPhone, iPad, and Android. The app can also be used to map a route, find discounts, book a hotel, and access AAA roadside assistance. Locate gas prices across the country at http://gasprices.aaa.com.
AAA WCNY wants to remind members that they can receive discounts at NOCO gas stations, as well as Fastrac locations. Learn more here. You can find the lowest prices in your area at http://aaa.opisnet.com/index.aspx.