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Central New York motorists are experiencing continued relief at the gas pump, with the average price for a gallon of regular gasoline now at $3.05. This marks a two-cent decrease from last week and an eight-cent drop from a month ago. According to AAA Western and Central New York, the state average stands at $3.11, while the national average is also $3.05.
The decline in gas prices is attributed to several factors, including lower demand and increased gasoline inventories. The Energy Information Administration reports that gasoline demand has fallen to a four-month low, contributing to the price drop. Additionally, the transition from summer-grade to winter-grade fuel is expected to further reduce prices in the coming weeks.
Crude oil prices have remained stable, trading in the low to mid $60s per barrel. Despite a slight increase in gas demand and a small decrease in supply, production has increased, helping to keep prices down.
As the third quarter of 2025 ends, higher gasoline inventories and steady oil production are expected to maintain the downward trend in gas prices, offering further savings to motorists in the region.