Low demand and steady nationwide gasoline stock growth have helped push down the national average price for unleaded gas at the pumps again.
The national average for regular unleaded Monday was $2.43 per gallon, down 3 cents since last week, AAA Western and Central New York reports. The state average was $2.63, down 2 cents from last week. Both figures are still significantly higher than this time last year, however: $2.24 nationally and $2.43 statewide in 2016.
In Canandaigua, the lowest price reported to GasBuddy was $2.41, found at the Kwik Fill at 2572 Rochester Road (Route 332) near North Street, the Speedway at 162 Lakeshore Drive, and the Sunoco at 484 S. Main St. (the intersection with Parrish Street).
According to the Energy Information Administration’s (EIA) latest Weekly Petroleum Status Report, nationwide gas stocks have grown in each of the past five weeks, which is a new trend for 2017. Over this time period, gasoline stocks increased by roughly 17 million barrels in total, and by 5.7 million for the latest reporting period, ranking as one of the highest one-week stock builds of the year, according to AAA WCNY. AAA says stock growth has been fueled by increasing gasoline production. Refineries have been operating above 90 percent capacity for the fifth consecutive week, AAA WCNY reports.