Gas Prices Heading Into the Week of July 22

BUFFALO, N.Y. — As we begin a new week in Western New York, the national average price of gasoline is down 2 cents ($3.50) from last week. A year ago, the price was $3.59.

The average price of gasoline in New York State fell one cent from last Monday to $3.62. A year ago, the average price was $3.69.

The AAA also reported that “The average price of a gallon of regular gasoline has fallen across the country and in New York, with both averages slightly lower than they were a year ago. Oil prices remain stagnant, trading around $80 a barrel this morning. The latest data from the Energy Information Administration (EIA) indicates a drop in fuel demand at the height of the summer driving season, while gas supply is down slightly. Gasoline production has declined slightly as Gulf Coast refineries recover from Hurricane Beryl. Diesel prices are relatively stable. The national average price for diesel is $3.83, down three cents from last Monday. The New York average is $4.23, down one cent from last Monday.”