Note: The commodity futures exchange New York Mercantile Exchange (NYMEX) is closed December 24-26 for the holiday. Here is a look at current prices as of Sunday night, December 23. The national average price for a gallon of gasoline is $2.33, down four cents from last week. One year ago, the price was $2.44. The New York State average is $2.66 – down four cents from last week. A year ago, the NYS average was $2.62. AAA Western and Central New York (AAA WCNY) reports the following averages:

• Batavia - $2.71 (down 3 cents since last week)
• Buffalo - $2.73 (down 4 cents since last week)
• Ithaca - $2.51 (down 4 cents since last week)
• Rochester - $2.63 (down 4 cents since last week)
• Rome - $2.64 (down 5 cents since last week)
• Syracuse - $2.55 (down 3 cents since last week)
• Watertown - $2.76 (down 8 cents since last week)

When compared to last year at this time, combined inventories across the country are much higher this year. Not just in the U.S., but globally there is a surplus of crude oil, which has driven gas prices to the lowest levels of the year. Earlier this month, OPEC and Russia announced that beginning in 2019, they will reduce crude production by 1.2 million barrels per day (for an initial six month period) to help balance global supply. This move could drive crude oil prices up, and in turn drive gas prices higher in the New Year.

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.