Published: Tue, December 13, 2016
Economy | By Melissa Porter

Wyoming Gas Prices Fall as Oil Prices Rise

AAA Spokesman Mark Jenkins states, "Gas prices are moving in concert with crude, which has pushed higher since OPEC announced plans to cut production in January". The national average is up 20 cents compared to the same date past year.

Gas prices have risen steadily in concert with crude oil following OPEC's agreement November 30 to curtail production. The average nationwide price of $2.21 per gallon is up three cents per gallon on the week and two cents per gallon on the month.

Among cities in upstate NY, the average price for regular unleaded gas was up 3 cents in Rochester, to $2.36; up 2 cents in Buffalo, to $2.36; and up 4 cents in Syracuse, to $2.31.

The five states where average gasoline prices were cheapest were Oklahoma ($1.944), Arkansas ($1.973), Missouri ($1.973), Texas ($1.983), and Wyoming ($2.016).

Crude oil prices are on the rise after the Organization of the Petroleum Exporting Countries, or OPEC, and non-member producers agreed on a deal over the weekend to cut output to ease a global oversupply, according to AAA.

It's 16 cents higher than past year at this time, when gas in Rhode Island was averaging $2.06 per gallon. "However, the upward trend could resume this week, depending on how the oil market responds to news of a new production-cut agreement from a number of non-OPEC oil-producing countries". Augusta had the lowest average among the metro areas at $2.117, beating Macon's $2.122.

A year ago, average prices ranged from $2.23 in Mount Morris to $2.29 in Dansville. Most prices a month ago were between $2.35 and $2.38 per gallon. The highest average was being paid in metro Atlanta at $2.216.

According to the Oil Price Information Service, the cuts include a pledge for about 300,000 fewer barrels a day from Russian Federation, where output was expected to rise in 2017, Jenkins said.

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