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Tuesday, September 23, 2014
ENP STAFF REPORTS
news@eastniagarapost.com
Lockport area gas prices dropped about three cents to $3.625, according to AAA East Central’s weekly Fuel Gauge report.
AAA East Central reports the average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was $3.625, down from $3.654 last week and down from $3.728 this time last year.
The average price per gallon of regular unleaded gasoline today in the state of New York was $3.629.
The national average price for regular unleaded gasoline is $3.34 per gallon. Today’s average price is four cents less than one week ago, nine cents less than one month ago and 13 cents less than a year ago.
Western states continue to post the highest average gas prices and for the second week in a row, Hawaii is the only state where drivers are paying an average price above four dollars per gallon. With gas prices falling, consumers in every state and Washington, D.C. are experiencing week-over-week savings at the pump, with the average price in 17 states reflecting savings of a nickel or more. Drivers in every state are also paying less than one month ago. The largest monthly drops are seen in Ohio (-24 cents), Nevada (-18 cents) and New Mexico (-18 cents).
The latest round of U.S. sanctions on Russia and the recent eruption of violence in Libya leading to the shutdown of oil fields remain of interest to commodities market watchers. Despite these geopolitical tensions, global oil prices continue to test multi-year lows. At the close of Monday’s formal trading on the NYMEX, West Texas Intermediate (WTI) crude oil settled 89 cents lower at $91.52 per barrel. This marks not just a new 2014 low, but it is the cheapest settlement price dating to May 1, 2013.
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news@eastniagarapost.com
AAA East Central reports the average price of self-serve regular unleaded gasoline, based on reports from 21 stations in the Lockport area, was $3.625, down from $3.654 last week and down from $3.728 this time last year.
The average price per gallon of regular unleaded gasoline today in the state of New York was $3.629.
The national average price for regular unleaded gasoline is $3.34 per gallon. Today’s average price is four cents less than one week ago, nine cents less than one month ago and 13 cents less than a year ago.
Western states continue to post the highest average gas prices and for the second week in a row, Hawaii is the only state where drivers are paying an average price above four dollars per gallon. With gas prices falling, consumers in every state and Washington, D.C. are experiencing week-over-week savings at the pump, with the average price in 17 states reflecting savings of a nickel or more. Drivers in every state are also paying less than one month ago. The largest monthly drops are seen in Ohio (-24 cents), Nevada (-18 cents) and New Mexico (-18 cents).
The latest round of U.S. sanctions on Russia and the recent eruption of violence in Libya leading to the shutdown of oil fields remain of interest to commodities market watchers. Despite these geopolitical tensions, global oil prices continue to test multi-year lows. At the close of Monday’s formal trading on the NYMEX, West Texas Intermediate (WTI) crude oil settled 89 cents lower at $91.52 per barrel. This marks not just a new 2014 low, but it is the cheapest settlement price dating to May 1, 2013.
Send an email to news@eastniagarapost.com with "email update" in the subject line.
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