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Drivers may see gas prices go up, according to AAA report

todayJanuary 29, 2024 2

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ROCHESTER, N.Y. (WROC) — Gas prices are up across the nation — and they may continue to go up soon, according to a new report from AAA.

The national average price for a gallon of gas has gone up by three cents nationally while New York’s gas price average remains the same from a week ago.

This increase in gas and a slight decline in local areas may be attributed to low gas demand and higher costs of oil, according to AAA. Experts say that due to the fluctuating oil prices, lower demand, and rising gas stocks, pump prices may go up.

“While prices have inched up and may continue to slowly rise, I believe the larger increases will be witnessed in a few weeks as we enter mid-February, lasting through April or May, during which the national average could rise 35 to 85 cents per gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Other issues and tensions could complicate how quickly prices rise or how high they go, so while the rise is not completely charted, it could deviate from our expectations.”

Diesel prices have not changed from last week nationally or statewide. Oil prices now range from $78 to $84 per barrel, which is a $6 increase from last week.

AAA reports the following gas price averages for these Central and Western New York areas:

Batavia – $3.29 (No change)

Buffalo – $3.36 (Two-cent decrease)

Elmira – $3.04 (One-cent decrease)

Ithaca – $3.20 (Three-cent decrease)

Rochester – $3.26 (Two-cent decrease)

Rome – $3.27 (Three-cent decrease)

Syracuse – $3.23 (One-cent decrease)

Watertown – $3.15 (No change)

​ ROCHESTER, N.Y. (WROC) — Gas prices are up across the nation — and they may continue to go up soon, according to a new report from AAA.

The national average price for a gallon of gas has gone up by three cents nationally while New York’s gas price average remains the same from a week ago.

This increase in gas and a slight decline in local areas may be attributed to low gas demand and higher costs of oil, according to AAA. Experts say that due to the fluctuating oil prices, lower demand, and rising gas stocks, pump prices may go up.

“While prices have inched up and may continue to slowly rise, I believe the larger increases will be witnessed in a few weeks as we enter mid-February, lasting through April or May, during which the national average could rise 35 to 85 cents per gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Other issues and tensions could complicate how quickly prices rise or how high they go, so while the rise is not completely charted, it could deviate from our expectations.”

Diesel prices have not changed from last week nationally or statewide. Oil prices now range from $78 to $84 per barrel, which is a $6 increase from last week.

AAA reports the following gas price averages for these Central and Western New York areas:

Batavia – $3.29 (No change)

Buffalo – $3.36 (Two-cent decrease)

Elmira – $3.04 (One-cent decrease)

Ithaca – $3.20 (Three-cent decrease)

Rochester – $3.26 (Two-cent decrease)

Rome – $3.27 (Three-cent decrease)

Syracuse – $3.23 (One-cent decrease)

Watertown – $3.15 (No change) Read More TransportationRochesterFirst  

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