Gas prices steady — and might stay that way
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 GasBuddy.com.
“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.