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Tuesday, June 10, 2014
ENP STAFF REPORTS
news@eastniagarapost.com


Gas prices in the Lockport area stayed about the same at $3.80 a gallon, according to AAA East Central. The average price of $3.804 was down a fraction of a penny from $3.806 last week but is 14 cents higher than the $3.666 they were at a year ago.

The national average price for regular unleaded gasoline is $3.65 per gallon, about on par with where they were this time last year when consumers were paying two cents less at the pump ($3.63), and the national average was beginning to trend downward toward the summer low of $3.47 (July 7, 2013).

The price at the pump in 35 states has remained relatively stable over the past seven days, and only two states are posting fluctuations of more than a nickel, both to the downside: Kentucky (-6 cents), and Ohio (-12 cents). Motorists in 31 states are paying a year-over-year premium, and of this total more than half are paying an additional 10 cents or more per gallon, led by Pennsylvania (+25 cents), Nevada (+21 cents), South Carolina (+19 cents).

At the close of formal trading on the NYMEX on Monday, West Texas Intermediate (WTI) crude oil settled $1.75 higher at $104.41 per barrel, which is the highest settlement since March 3.



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