Lockport gasoline averages dropped by two cents this week to $2.657 per gallon this week, according to AAA East Central’s weekly Gas Price Report.
Every state in the Mid-Atlantic and Northeast region is paying less for a gallon of gasoline compared to a week ago. Many motorists are seeing double digit decreases in pump prices compared to one month ago, with gas prices continuing to drop.
For a second straight week, the region increased gasoline inventory. However, despite a 1.1 million barrel build, regional inventories are 3 million barrels below this time last year, according to the latest Energy Information Administration (EIA) data.
This week’s average price for Lockport: $2.657
Average price during the week of October 2, 2017: $2.679
Average price during the week of October 12, 2016: $2.270
On the National Front
Motorists are paying on average six cents less for a gallon of gasoline on the week with all states seeing prices at the pump either drop or hold steady. Today’s national gas price average is $2.49, which is 18 cents cheaper than a month ago. With the latest EIA report measuring gasoline demand at 9.2 million barrels per day, down 281,000 from the week prior, retail gas prices are showing steady promise of returning to pre-hurricane rates.
Over the weekend, Hurricane Nate made landfall over the Gulf Coast and is now a tropical depression. Ahead of the storm, many Gulf Coast oil platforms and rigs were shut down and employees evacuated. In addition, two refineries, accounting for six percent of total Gulf Coast refining capacity, shut down. Early reports speculate that refineries did not sustain damage and operations could start up today, Monday. Overall, motorists will see minimal to no impact to gas prices in the region hit by the storm.
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.
AAA East Central is a not-for-profit association with 81 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.
For More Information, Contact:
Jim Garrity, Public & Community Relations Manager
Desk: 412-365-7274 / Cell: 412-905-9021 / Email: Garrity.James@aaaec.com