Over the past week, the national average for a gallon of gas increased by 5 cents, for New York however, prices fell another 3 cents bringing the states average to $3.66 a gallon. When compared to the national average, New York’s average is now cheaper than the national average, which is $3.72 a gallon.
Prices are expected to rise though with the impending predicted category 4 hurricane to strike Florida later this week. AAA reports that hurricane Ian could disrupt oil production in the Gulf of Mexico and large coastal refineries in multiple states along the coast.
Gas demand continues to decrease in part because of fears of an economic slowdown. Oil prices followed suit to the lack of demand with prices slipping below $80 per barrel for the first time since January. The lack of increased demand has kept price increases minimal due to the impending hurricane.
For Cortland County, it remains the lowest county in New York for average gas prices at $3.34 per gallon.