Analysts expect gas prices to decrease for holiday travel

Posted at 7:58 AM, Nov 14, 2016
and last updated 2016-11-14 14:01:44-05

After several weeks of rising prices, as prices have started to decrease nationally, and analysts believe local prices will soon follow with the same trend.

According to AAA, the New York State average for a gallon of regular unleaded is $2.39 per gallon.

That is $0.01 cheaper than the previous week but $0.04 more expensive than the average for the same week last year when the average was $2.35 per gallon.

AAA Western and Central New York (AAA WCNY) reports the following averages:

* Buffalo - $2.35, no change from last week

* Rochester - $2.35, no change

* Rome - $2.35, down 1 cent

* Syracuse - $2.30, down 1 cent

Right now, thousands of gas stations across the country are selling gas for less than $2.00 per gallon, but experts do not expect New Yorkers to see the price fall that low. Prices are, however, expected to decrease in time for holiday travel.

The next OPEC (Organization of Petroleum Exporting Countries) meeting will be held at the end of November and could determine oil production levels, which will further impact pump prices.