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Motorists in Central New York are experiencing a rise in fuel costs, with the average price for a gallon of gas now at $3.17. This marks an increase of two cents over the past week and is also two cents higher than a month ago. The state average matches this at $3.17, while the national average is slightly lower at $3.14.
According to AAA, the national average for a gallon of gas as of Monday (February 10) is $3.139. The increase in prices comes amid concerns over potential tariffs, which have contributed to the recent uptick in fuel costs.
In contrast, AAA East Central reported a slight decrease in gas prices in Pennsylvania, with the average price dropping by 2.6 cents to $3.346 per gallon. Nationally, easing oil costs and low domestic demand have helped lower pump prices by 1.3 cents over the past week. However, the national average remains 4.3 cents higher than it was a month ago.
The Energy Information Administration (EIA) reported an increase in gasoline demand from 8.08 million barrels per day to 8.30 million, while domestic gasoline stocks rose from 245.9 million barrels to 248.9 million. Despite these changes, gasoline production decreased last week, averaging 9.2 million barrels daily.