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Gas prices drop in parts of western New York

BUFFALO, N.Y. Gas prices in western New York are lower than they were in over five years.

Some service stations in Salamanca on Thursday offered gas prices at less than a dollar a gallon, the coronavirus pandemic having caused the collapse of the world oil market.

Now, wholesale gasoline prices are falling to levels many would never have thought possible.

So you may be wondering: why do some stations, like those in downtown Buffalo, always cost around $ 2.30 a gallon or more?

Experts say one problem is that people don’t buy a lot of gas, so the stations still sell fuel bought days or even weeks ago when wholesale prices were higher.

They drop a lot every day.

You will tend to see cheaper gas at the busiest stations, such as along highways, because their tanks are not full of fuel transported by truck when prices were higher.

“It’s a matter of supply and demand,” said Elizabeth Carey, director of communications for the AAA on Friday.

“Even the refineries themselves are full of winter blend fuel that they have to unload to make the summer blend, and that’s the time we usually go in between, so yes has fuel that has already been bought at a certain price, so they probably have to sell it at a certain rate. “

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