Falling gas prices continue in WNY

National Gas Price Average 12/11/17

National Gas Price Average 12/11/17

GasBuddy's daily survey of gas outlets says the price has fallen 4.1 cents per gallon in Vermont in the last week, averaging $2.50. It's 32 cents higher than the price in MA was a year ago at this time- $2.17 per gallon.

Prices at the pump continued to fall last week, but the reprieve may prove short lived with costlier gasoline anticipated in 2018.

Jenkins pointed to other factors as well, including gasoline inventories standing at nearly 6.8 million barrels, the highest since January, and domestic crud oil production topping 9.7 million barrels for the first time since 1971.

Gasoline inventories rose by 6.8 million barrels last week, the biggest increase since January.

"Nationally, gas prices are 10 cents cheaper on the month and will continue to drop as we count down the days to the holidays", said Jeanette Casselano, AAA spokesperson. AAA spokesperson Leslie Gamble says gasoline demand is expected to weaken throughout the winter. East Coast and Midwest states are seeing the largest drops in gas prices - as much as six cents - in the last week.

Crude oil prices, which are linked to fuel costs, remain elevated, but the nation's gasoline stockpiles are rising and helping to keep costs down for now.

Broward County motorists could also find the lowest price in that county at a Marathon - $2.26 at North Federal Highway and Northeast 49th Street in Pompano Beach. It was only these states that saw prices rise, ruining an otherwise countrywide drop in gas prices. The least expensive gas in Florida could be found in three different markets with an average of $2.34 per gallon in Jacksonville, Orlando and the Tampa-St.

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