Lockport Gas Prices Steady, National Average Steadily Declining

Lockport New York, Gas Prices
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The average price of regular gasoline in Lockport is the same over the week at $2.985 per gallon, according to AAA East Central’s weekly Gas Price Report.

All motorists in the Mid-Atlantic and Northeast are paying one to five cents less this week to fill-up.  Statewide, New York gas prices are about a penny less on the week ($3.00).

With a 800,000 barrel draw, gasoline inventory levels now sit at 63.2 million - the lowest levels reported in the region by the Energy Information Administration (EIA) since early May.

This week’s average price for Lockport:  $2.985
Average price during the week of August 13, 2018: $2.989
Average price during the week of August 21, 2017: $2.412

On the National Front
As summer slows to an end and consumer demand weans, gas prices across the country are becoming less expensive.  Today’s national gas price average is $2.84, which is three cents less than at the beginning of the month.  Except for a handful of states, most motorists are seeing slow-but-steady pump price drops during the last few weeks.  Barring any uncommon influences, the national average is expected to keep moving lower, especially with the switchover to cheaper winter-blend gasoline in September.

At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased 45 cents to settle at $65.91.  Oil prices ended the week with slight gains due to a softening dollar, after tumbling midweek following new data from the EIA that showed domestic crude oil inventories grew by 6.8 million barrels last week.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit association with 80 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

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