Rochester’s gas prices continue to fall, $0.29 decrease compared to last month
ROCHESTER, N.Y. (WHEC) — Rochester’s average gas price fell by 10 cents this week, marking a $0.29 decrease from this time in June. However, local gas prices are still $1.51 higher than July of 2021.
The average price at the pump locally is $4.68, down from a record high of $4.99 set in mid-June according to AAA. Gas prices in Buffalo, Syracuse, and Batavia also fell this week. Buffalo’s gas price is currently 10 cents lower than Rochester’s.
Gas prices in states across the country are falling, including New York by around 12 cents, because crude oil is becoming cheaper. This comes as the state and Monroe County gas tax relief totaling $0.28 per gallon enters its eighth week.
News10NBC reported on a study that suggests that, while consumers benefited initially from the NY gas tax relief, eventually middlemen and retailers absorbed the gas tax, and consumers save little money. The study said it’s difficult to enforce a gas tax holiday intended to lower prices for consumers.
RELATED: So where did the gas tax savings go? The data may have the answers
You can also explore gas price trends on the website for AAA.
Gas prices have skyrocketed over the past year because of rapid recovery from the pandemic increased the demand so high that supply couldn’t keep up. Europe’s restrictions on importing Russian oil also scrambled world oil prices, affecting the U.S. even though the U.S. imports very little Russian oil.