11/04/2024
Average On Track to Drop Below $3 Soon. Low oil costs and tepid gas demand allow pump prices to drop
The national average price for a gallon of gasoline is $3.10, down three cents from last Monday. One year ago, the price
was $3.42. The New York State average is $3.18, down two cents from last Monday. A year ago, the NYS average was
$3.15. AAA Western and Central New York (AAA WCNY) reports the following averages:
Batavia - $3.30 (down 2 cents from last Monday)
Buffalo - $3.269 (down 3 cents from last Monday)
Elmira - $3.13 (down 1 cent from last Monday)
Ithaca - $3.38 (down 2 cents from last Monday)
Rochester - $3.32 (down 2 cents from last Monday)
Rome - $3.32 (down 1 cent from last Monday)
Syracuse - $3.21 (down 1 cent from last Monday)
Watertown - $3.15 (no change from last Monday)
After a brief interruption caused by Hurricanes Helene and Milton, gas prices have resumed their gradual season decline
and is only about seven cents away from the nation average’s 2024 low. According to new data from the Energy
Information Administration (EIA), gas demand rose slightly while total domestic stocks fell and gasoline production
decreased. This morning, oil trading is in the low $70s per barrel. With low oil costs and tepid domestic gasoline
demand, pump prices could continue to drop and find a national average below $3 soon
When it comes to EV charging, the national and state averages for L2 commercial electricity remain steady. The national
average for a kilowatt of electricity at an L2 commercial charging station has dipped by a penny down to 34 cents. An
estimated 1.2 million AAA members live in households with one or more electric vehicles.
For drivers who use diesel fuel, the national average price for diesel is $3.55, down two cents from last Monday. The
New York average is $3.89, down one cent from last Monday.
