Gas Prices Decline Across Most of New York
In a positive start to the week, gas prices across New York continue to drop - in most counties.
According to AAA Western and Central New York, this downward trend, which has been observed over the past few weeks, is expected to continue for a bit, providing a small bit of relief to motorists.
The average price at the pump in New York now stands at $3.84. While this is the average, it's important to note that there are some counties paying significantly more. For example, in Broome County, the average gas price is $3.93, and in Otsego County, it sits at an average of $3.97 per gallon.
Other counties, including Saint Lawrence, Lewis, Hamilton, Essex, Warren, Washington, Rockland, and Westchester, are also paying more than the state average.
On a national level, the most noteworthy price drop is occurring, with the average now at $3.62 as of October 10, representing an impressive 19-cent decrease from the previous week.
Diesel prices have also seen a decrease on a national level, now reaching an average of $4.50, which is six cents lower than the previous week. However, the average in New York remains slightly higher at $4.72, still representing a three-cent decrease from last Monday.
This decline in gas prices can be attributed to a considerable drop in gas demand, as reported by the Energy Information Administration, along with a substantial increase in domestic gasoline stocks. Additionally, an abundance of oil supply and low demand have contributed to the downward trend in pump prices. Experts predict that motorists can expect further price drops in the coming weeks if this trend continues.
Let's hope that it does.
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Gallery Credit: Sophia Crisafulli