Gas prices down 11 cents per gallon
New York’s average gas price is down 11 cents from last week, averaging $4.69 per gallon.
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Gas prices down 11 cents per gallon
UTICA — New York’s average gas price is down 11 cents from last week, averaging $4.69 per gallon. Today’s price is 33 cents lower than a month ago and $1.50 higher than a year ago, according to AAA Northeast.
New York’s average gas price is 17 cents higher than the national average.
The steady decline is due to lower domestic demand for gasoline at the pump and a much lower global price for oil, according to AAA Northeast. The cost of a barrel of oil is in the mid-$90s, down from around $110 two weeks ago.
“Global economic news is pushing oil prices lower and less expensive oil leads to lower pump prices,” said Patti Artessa, regional director, public and government affairs for AAA Northeast. “And here at home, people are fueling up less, despite this being the height of the traditional summer driving season. These two key factors are behind the recent drop in pump prices.”
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