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Wednesday, July 30, 2014
ENP STAFF REPORTS
news@eastniagarapost.com
Local gas prices were at about $3.76 a gallon, a slight dip from last week, according to AAA East Central. The average price of $3.765 is down a penny from $3.777 last week and nearly nine cents from the $3.848 it was a year ago.
Despite continuing geopolitical tensions in Eastern Europe, the Middle East and Northern Africa, American motorists are paying the lowest average retail price at the pump since March 17. This is due to U.S. refineries running near their highest rates since 2005, according to the Energy Information Administration, and domestic demand that was reported last week to have dropped back below nine million barrels per day.
The national average price for unleaded gasoline has dropped every day in July and has fallen on 32 consecutive days, which is just short of the multi-year record of 36 straight daily declines registered last fall. Today’s average of $3.52 per gallon is five cents less than one week ago and 11 cents less than the same date last year.
Over the last week consumers in 46 states and Washington D.C. have seen the price at the pump continue to fall, led by drivers in several Midwestern states who are saving more than a dime per gallon.
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news@eastniagarapost.com
Despite continuing geopolitical tensions in Eastern Europe, the Middle East and Northern Africa, American motorists are paying the lowest average retail price at the pump since March 17. This is due to U.S. refineries running near their highest rates since 2005, according to the Energy Information Administration, and domestic demand that was reported last week to have dropped back below nine million barrels per day.
The national average price for unleaded gasoline has dropped every day in July and has fallen on 32 consecutive days, which is just short of the multi-year record of 36 straight daily declines registered last fall. Today’s average of $3.52 per gallon is five cents less than one week ago and 11 cents less than the same date last year.
Over the last week consumers in 46 states and Washington D.C. have seen the price at the pump continue to fall, led by drivers in several Midwestern states who are saving more than a dime per gallon.
Send an email to news@eastniagarapost.com with "email update" in the subject line.
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