The new year has begun with slightly lower prices at the pump at the national and state levels. According to AAA, Monday’s national average is $2.81 per gallon, which is down just over a cent from a week ago. New York State saw its average drop by two cents to $3.03. Meanwhile, the average in Chautauqua County increased by a little more than a penny and is currently $3.27. One year ago, the national and statewide averages were $3.06 and $3.13, respectively.
AAA says the nationwide trend of lower gas prices continued despite a short-term surge in demand. Motorists are benefiting from a strong supply of gas and the cheaper-to-produce winter blend of fuel. In addition, oil prices remain low, trading in the $56-60 range per barrel. as of Monday morning. Despite the events in Venezuela over the weekend, there has been little disruption in the oil markets…