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Central New York drivers are experiencing a slight relief at the pump, as the average price for a gallon of regular fuel has decreased to $3.11. According to AAA, this marks a three-cent drop from last week and a seven-cent decrease from one month ago. The state average currently stands at $3.10, while the national average is slightly higher at $3.12.
The recent decline in gas prices can be attributed to various factors, including fluctuations in the oil market and changes in seasonal demand. Despite the ongoing transition to summer-blend gasoline, which is more expensive to produce, the price of crude oil remains below $70 a barrel, helping to keep prices relatively stable.
AAA reports that while gas prices have shown a downward trend, the national average did see a slight increase of four cents recently, influenced by the seasonal switch to summer-blend gasoline. This type of gasoline is designed to reduce evaporation in warmer temperatures, which contributes to its higher production cost.
For more detailed information on gas prices and trends, visit AAA's website.