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Gas station may be first to drop to $2.99 in WNY

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Posted at 2:56 PM, Dec 05, 2014
and last updated 2015-11-30 14:56:52-05

Enjoy this picture - there's no telling how long this price will last.

$2.99 is a sight for sore eyes in Western New York, which always seems to take longer than other parts of the country to see the gas price drop.

Smiley's Citgo at 1211 Colvin Boulevard at Highland in Tonawanda appears to be one of the first gas stations in Western New York to fall below the $3 per gallon mark.

Almost immediately afterward, the Mobil across the street, it's main competitor, also lowered its price to $2.99 per gallon.

7 Eyewitness News has also learned the Flying J at the Pembroke exit on the NYS Thruway is currently at $2.99 per gallon, as is the Valero gas station nearby.

According to BuffaloGasPrices.com, this is the first time in around four years that the price per gallon is below $3 in Buffalo.

Of course, many of the gas stations on Native American reservations have had their prices below $3 per gallon for some time. And other parts of the country have already seen their prices fall below $3 per gallon - but will it last?

Take a look at this article, which explains what's causing the current drop in price (the price of a barrel of crude oil) and examines the price now compared to a peak in 2008 - $4.28 per gallon in New York State - and a low in 2001 - $1.22 per gallon in New York State.