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Gas prices continue national decline despite summer heat: Why are prices not going down in NY?

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  • Staff Report 

Gas prices continue to drop, with the national average falling by two cents since last week to $3.46 per gallon. This decline is due to low demand and increased supply.


“Gasoline demand has been lower than last year, likely due to economic uncertainty,” said Andrew Gross, AAA spokesperson. “It’s unclear if the summer driving season will rebound or if this trend will continue.”

New data from the Energy Information Administration (EIA) shows a slight increase in gas demand to 9.04 million barrels per day, while domestic gasoline stocks rose to 233.5 million barrels. With stable oil costs, prices at the pump are expected to keep falling.



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