Gas prices hold steady in Watertown in first week of November

WATERTOWN, N.Y. (WWTI) – Gas prices in the City of Watertown held firm from last week according to AAA of Western and Central New York.

According to the weekly release from the organization, the average cost of a gallon of gas held steady at $3.15. The average price is a composite of gas stations from in and around the Watertown area.

AAA releases weekly gas prices for NNY, CNY for last week of October

All other cities in the region went down by at least one to three cents. Here's a breakdown of prices across Western and Central New York.

The national average price for a gallon of gasoline is $3.10, down three cents from last Monday. One year ago, the price was $3.42. The state average is $3.18, down two cents from last Monday. A year ago, the NYS average was $3.15.

For drivers who use diesel fuel, the national average price for diesel is $3.55, down two cents from last Monday. The NYS average is $3.89, down one cent from last Monday.

When it comes to EV charging, the national and state averages for L2 commercial electricity remain steady. The national average for a kilowatt of electricity at an L2 commercial charging station has dipped by a penny down to 34 cents. An estimated 1.2 million AAA members live in households with one or more electric vehicles.

After a brief interruption caused by Hurricanes Helene and Milton, gas prices have resumed their gradual season decline and is only about seven cents away from the nation average's 2024 low. According to new data from the Energy Information Administration, gas demand rose slightly while total domestic stocks fell and gasoline production decreased. This morning, oil trading is in the low $70s per barrel. With low oil costs and tepid domestic gasoline demand, pump prices could continue to drop and find a national average below $3 soon.