Gas prices steady — and might stay that way

Daily Freeman (Kingston, NY) - - LOCAL NEWS - Freeman staff

The av­er­age re­tail gaso­line price in New York state was un­changed last week, hold­ing at $2.36 per gal­lon on Sun­day.

Lo­cal prices also were gen­er­ally un­changed, with most sta­tions in the Kingston-Ul­ster area sell­ing 87-oc­tane un­leaded for $2.21 to $2.25 per gal­lon Mon­day morn­ing, ac­cord­ing to the gaso­line price web­site

“Late last week, OPEC mem­bers fur­ther dis­cussed the uni­lat­eral pro­duc­tion cut they hope to reach by the end of Novem­ber, and con­flict­ing re­ports raise sig­nif­i­cant chal­lenges to any con­sen­sus,” said Gregg Laskoski, a se­nior pe­tro­leum an­a­lyst for GasBuddy. ”But just that pos­si­bil­ity con­tin­ues to be a dom­i­nant fac­tor in the di­rec­tion of global crude oil prices and re­tail gaso­line prices, too.

“Over­all, mar­ket fun­da­men­tals sug­gest lit­tle price move­ment and, per­haps, just a nom­i­nal de­crease in

pump prices to be­gin Novem­ber, with whole­sale gaso­line prices trend­ing lower in re­cent weeks,” Laskoski said.

New York’s av­er­age gas price Sun­day was 4.1 cents per gal­lon higher than the same day a year ear­lier and are 5 cents higher than a month ago, ac­cord­ing to GasBuddy. The na­tional av­er­age on Sun­day was $2.20 per gal­lon, down 2 cents from a week ear­lier and 1.9 cents from a month ear­lier, but 2.8 cents higher than ago.

Ac­cord­ing to GasBuddy his­tor­i­cal data, gaso­line prices on Oct. 31 in New York state have ranged widely over the last five years: $2.32 per gal­lon in 2015, $3.36 in 2014, $3.55 in 2013, $3.91 per gal­lon in 2012 and $3.69 per gal­lon in 2011.

For live fuel price av­er­ages, go to me­dia.gasbuddy. com.

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