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Local gas prices hold steady

STAFF REPORTS


Local gas prices remain steady throughout Western New York even as national gas prices climbed by 7 cents per gallon.
Today’s national average price for a gallon of gasoline is $2.10, which is seven cents higher than a week ago. One year ago, the price was $2.70. The New York State average is $2.22 – two cents higher than last week. A year ago, the NYS average was $2.87. AAA Western and Central New York (AAA WCNY) reports the following averages:
  • Batavia - $2.25 (no change since last week)
  • Buffalo - $2.19 (no change since last week)
  • Rochester - $2.21 (up one cent since last week)

The national average gas price is on the rise along with demand. According to new data from the Energy Information Administration (EIA), gas demand has continued to increase. If demand continues to trend higher, motorists will likely see pump prices continue to increase through the end of the month.

Oil prices are mixed and domestic crude prices decreased last week amid increased market concern that a second wave of COVID-19 may emerge and could lead to another reduction in crude demand. Domestic crude inventories are up and that also helped push oil prices down. 

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