Here Is Why Gas Prices Could Really Drop In New York
Gas prices continue to drop across New York State, but a bigger change could be coming as soon as tomorrow.
As of September 15th, gasoline producers and gas stations are allowed to switch from the summer blend of gasoline to the winter blend which costs less to produce and should lead to a drop in the price per gallon.
The drop in price can vary, but over the past several years, we have seen a drop between 10-30 cents per gallon according to Gasbuddy.com.
WHAT IS WINTER BLEND GASOLINE?
Gasoline producers are allowed to switch to a winter blend of gas starting on September 15th. This blend has a higher combustion rate allowing it to ignite easier in colder temperatures. To allow for a quicker and higher combustion rate, fewer additives are used to make the gas which makes it less expensive to produce and less expensive to sell. The winter blend of gas is usually available for sale between September 15th and April 30th.
WHEN CAN I EXPECT TO SEE A DROP IN PRICE?
It usually takes a couple of weeks for the winter blend of gas to be moved to local gas stations and most gas stations won't start selling the winter blend of gas until their current summer blend of gas is gone. This could take a couple of days or a couple of weeks. Usually, the biggest drop in the gas price comes at the end of September through the beginning of October.
The good news is that we have seen the average price of a gallon of gas already drop to below $4 per gallon and with this switch over to the winter blend of gas, we could see the price drop to levels we haven't seen in months.
LOOK: See how much gasoline cost the year you started driving
High Gas Prices Might Be Good For New York
When You Borrow a Car, Should You Refill the Gas Tank Upon Return?