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Oil & Gas Prices Rising

NOCO stations will go to pay before pumping to cut down on gas thefts.
WXXI photo
NOCO stations will go to pay before pumping to cut down on gas thefts.

Gasoline prices around Rochester have jumped about a nickel the past week, according to gasbuddy.com.

Senior Petroleum Analyst Patrick DeHaan says as oil prices have risen the past week, gas prices are following.

He says there are a number of other factors, including a drop in domestic production, a smaller than expected build in oil inventories and the switchover to the summer fuels, especially in the northeast.

But gas prices now in Rochester, on average 2-dollars-59 cents a gallon, are still about a-dollar-20 lower than they were a year ago at this time.

DeHaan says that disparity is likely to continue this summer, where local drivers could be paying the lowest gas prices in over 5 years, and nationally the cheapest since 2005.