Binghamton Gas Prices Still Falling
The price of virtually everything else may be rising but there's one place where that's not the case, at least for the moment.
Gasoline prices across the Twin Tiers and around the United States continue to drop and some industry experts predict the trend will continue through the end of the year.
Prices at the pump now average $3.57 a gallon for regular in the Binghamton market, according to the AAA Fuel Gauge Report. That's about 16 cents lower than a month ago and 41 cents a gallon below the average from a year ago.
Current average gas prices are reported about a nickel a gallon lower in the Syracuse area and they're about 21 cents a gallon lower in the Scranton area.
United States refineries aren't experiencing major production problems now and relative stability in vital oil production regions are contributing to the reduced prices.
Some observers suggest gasoline prices may fall as much as 20 cents more over the next couple of months as long as supplies continue to be plentiful and no problems develop to cause an oil futures to spike.