WXXI AM News

Local gas prices stable -- for now

Feb 18, 2019

Credit ramzi hashisho / freeimages.com

National gasoline prices took a four cent jump the past week to $2.32 a gallon, but they have been holding steady around the Rochester area at about $2.41 a gallon.

That's actually down a penny from last week, but a few factors could lead to an increase in the price at the pump, according to AAA of Western and Central New York spokesperson Lindsay Kensy.

``Schools are out, and a lot of people are traveling this week.   And the warmer weather -- not a lot warmer but definitely warmer than it has been in the last few weeks -- could lead to people taking road trips, day trips and using more gasoline and therefore increasing the demand,” she said.

Kensy says OPEC has cut back on the supply of crude oil, which is another reason gas prices will rise.

``And the two main factors that always contribute to higher gas prices are supply and demand,” she said.

Kensy says crude oil prices continue to climb, but it may take a few weeks before we see that reflected in an increase in the price at the pump.

The current price of $2.41 a gallon is still some 27 cents a gallon cheaper than it was a year ago in Rochester.