Gas price averages continue sliding down as demand remains low, AAA says

Since Monday, the national average for a gallon of regular gasoline has fallen eight cents to $4.44, the AAA says.

According to new data from the Energy Information Administration (EIA), gas demand increased from 8.06 million b/d to 8.52 million b/d last week.

However, the rate is 800,000 b/d lower than last year and is in line with demand during the middle of July 2020, when COVID-19 measures curbed demand.

In New York State, average gas prices are just below $4.60. Our four county listening region holds average prices that range between $4.74 and $4.79, the latest AAA maps showed Monday.

A month ago, average gas prices statewide were just below $5. Last-year at this time, New York gas prices were around $3.20.

Image courtesy via the AAA.