Local News

Recession Fears Lower Demand for Gas

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After a brief increase in gas prices last week, demand once again dropped as fears of a looming recession lowered the price of crude oil by $7 dollars, according to AAA. The drop in oil helped minimize fuel prices from further increasing.

Through October, gas demand has continued to fall while gas stock has increased. The National average for a gallon of gas is $3.88 a gallon. New York remains lucky with a state average lower than the national average at $3.67 a gallon. Cortland County is 7 cents lower at $3.60 a gallon.

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