Gas prices rise, but mod­er­a­tion ex­pected

Daily Freeman (Kingston, NY) - - FRONT PAGE - Freeman staff

An in­dus­try an­a­lyst says the cost per gal­lon usu­ally eases in Novem­ber, some­times by more than a dime.

The av­er­age re­tail price of gaso­line in New York state rose 3.1 cents per gal­lon last week to reach $2.38 on Sun­day.

In the Kingston-Ul­ster area, most sta­tions were sell­ing 87-oc­tane un­leaded for $2.23 to $2.25 per gal­lon Mon­day af­ter­noon, ac­cord­ing to GasBuddy.com.

An in­dus­try an­a­lyst says a no­table trend points to a mod­er­a­tion of prices for the rest of the month.

“If there’s one thing to be ex­cited about for Novem­ber, it’s that gas prices in the last five of them have not risen na­tion­ally,” said Pa­trick DeHaan, a se­nior pe­tro­leum an­a­lyst for GasBuddy. “Bet­ter yet, over the same time frame, gas prices na­tion­ally have av­er­aged a mod­est 12-cent de­cline from start to fin­ish. And while there may be more ex­cite­ment as Amer­ica heads to the polls this week, it’s im­por­tant to dis­pel the myth: Pres­i­den­tial elec­tions do not af­fect gas prices.

“Whomever is our next com­man­der in chief, we could see a change to pre­vi­ous en­ergy pol­icy, which could have a neg­li­gi­ble im­pact on gaso­line prices, but more fo­cus will be on OPEC’s com­ing de­ci­sion to fol­low through on cut­ting oil out­put,” DeHaan said.

New York’s state’s av­er­age gas price Sun­day was 4.3 cents higher than a month ago and 4.1 cents higher than a year ago.

The na­tional av­er­age on Sun­day was $2.21 per gal­lon, up 0.5 cents from a week ear­lier, but 5.2 cents lower than a month ago and 1.1 cents lower than a year ago

Ac­cord­ing to GasBuddy his­tor­i­cal data, gaso­line prices on Nov. 7 in New York state have ranged widely over the last five years: $2.34 per gal­lon in 2015, $3.30 in 2014, $3.52 in 2013, $3.98 in 2012 and $3.67 in 2011.

For live fuel price av­er­age up­dates, go to FuelIn­sights.GasBuddy.com.

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