Gas prices drop locally, Florence has little impact on refinery operations

Local News

Gas prices dropped about two cents in the Rochester area over the past week, according to GasBuddy.

The local average is $2.92/gallon. The national average is $2.84/gallon.

Patrick DeHaan, head of petroleum analysis for GasBuddy, says, “Despite the tremendous blow and flooding of the Carolinas, Florence’s impact on oil delivery and refinery operations was next to nothing. Florence may make an impact on local pipelines in Florence’s path with power loss and flooding possible issues, but problems will be worked around as life pauses in these areas and where we see considerable demand destruction taking place as floods keep motorists from moving. In addition, this week marks the first full week of cheaper winter gasoline across most of the country as EPA regulations see their seasonal ease. This, coupled with lower demand in the weeks ahead, will push retail gasoline prices lower.”

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

News 8's Backyard BBQ Contest! Enter Today

Trending Stories

Destination NY
Download Our App

Don't Miss

More Don't Miss