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Tuesday, May 13, 2014
ENP STAFF REPORTS
news@eastniagarapost.com


Local gas prices dropped about three cents to $3.824 a gallon, according to AAA East Central, down from $3.856 a week ago, but up from $3.636 this time last year.

With the decline, we still stand 18 cents higher than the national average, which is $3.644, two cents less than a week ago and seven cents more than a year ago.

Good news may be at hand, though, as gasoline prices have been declining since the beginning of the month, and are expected to continue to do so.

The country’s record high stockpile of gasoline has the potential to keep downward pressure on prices entering this summer. Due to the increased supplies and relative absence of disruptions to production or distribution, drivers in many states are likely to see prices continue to fall as we approach the Memorial Day holiday. In comparison, over the same seven day period (May 5-12) last year, the national average increased six cents and continued to rise until following Memorial Day.



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