NYS average price hits $5 a gallon – Oswego County Today

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CENTRAL NEW YORK – Today’s national average price for a gallon of gasoline is $4.97, up 10 cents from Monday. A year ago, the price was $3.07. The New York State average is $5.01 ($5.009 to be exact), up 13 cents since Monday. A year ago, the NYS average was $3.09.

AAA Western and Central New York (AAA WCNY) reports the following averages:
Batavia – $4.90 (up 15 cents since Monday)
Buffalo – $4.89 (up 17 cents since Monday)
Elmira – $4.97 (up 19 cents since Monday)
Ithaca – $4.96 (up 17 cents since Monday)
Rochester – $4.95 (up 16 cents since Monday)
Rome – $4.96 (up 17 cents since Monday)
Syracuse – $4.94 (up 20 cents since Monday)
Watertown – $4.94 (up 14 cents since Monday)

Motorists are feeling pain at the pump, even with New York State’s recent gas tax cap. When it went into effect last week, statewide prices initially fell, with nationwide prices rising dramatically. However, oil prices continue to rise and gas tax relief is not enough to offset the increase in the price of oil, which has a direct impact on what we pay at the pump for fuel. ‘essence.

For example, right now, oil prices range from $121 to $123 a barrel, down from $120 a barrel on Monday. Petroleum makes up at least half of every gallon of gasoline.

Since gasoline taxes represent less than one-fifth of the price consumers pay at the pump, their removal offers little room for price reduction compared to other factors that contribute 85% of the price paid by consumers. consumers at the pump.

Additionally, when external economic and market factors affect the price of oil, rising crude prices can often play an outsized role in driving up prices at the pump. Therefore, the impact of gasoline tax exemption proposals may be limited as any reduction in price due to the absence of taxes may be quickly offset by a steady increase in oil prices, which we see currently.

To save fuel, motorists should map routes, avoid peak and rush hour traffic, and combine errands into a single trip while using cruise control where possible. Drivers should also ensure that tire pressure is at the level recommended by the vehicle for the best gas mileage while removing all unnecessary and bulky items from the car, as it takes more fuel to accelerate a heavy vehicle . Get more tips here: https://gasprices.aaa.com/news/fuel-saving-tips/.

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