Gas prices fall ahead of busy travel pe­riod

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

With the hol­i­day travel sea­son about to kick into high gear, the av­er­age re­tail gaso­line price in New York state fell 2.6 cents per gal­lon last week to set­tle at $2.35 on Sun­day.

In the Kingston-Ul­ster area, most sta­tions were sell­ing 87-oc­tane unleaded for $2.15 to $2.19 per gal­lon midday Mon­day, ac­cord­ing to GasBuddy.com.

“As mo­torists pack their bags and pre­pare to head out for Thanks­giv­ing, gas prices are fall­ing across much of the coun­try,” said Pa­trick DeHaan, a se­nior petroleum an­a­lyst for GasBuddy. “With a record amount of trav­el­ers, mo­torists will be fac­ing con­ges­tion not only on high­ways but gas sta­tions. But at least low gas prices have lin­gered for much of this year.”

DeHaan cau­tioned, though: “Keep an eye on word from OPEC over the hol­i­day week­end. There could be some sur­prises at a ma­jor meet­ing to de­cide the fate of an oil pro­duc­tion cut.” Re­duced pro­duc­tion of oil typ­i­cally leads to higher prices at the gas pumps.

“But no mat­ter what even­tu­ally takes place with the OPEC meet­ing, mo­torists are vir­tu­ally guar­an­teed an­other year of gas prices that will re­main well un­der all-time record highs as oil prices will likely re­main con­fined be­tween $40 and $60 for much of the next year,” DeHaan said.

New York state’s av­er­age gas price on Sun­day was 3.1 cents per gal­lon higher than the same day a year ago but 1.4 cents lower than a month ago.

The na­tional av­er­age Sun­day was $2.13, which was 1.7 cents lower than a week ear­lier, 8.6 lower than a month ear­lier and 5.4 cents higher than a year ear­lier.

Ac­cord­ing to GasBuddy his­tor­i­cal data, gaso­line prices on Nov. 21 in New York have ranged widely over the last five years: $2.32 per gal­lon in 2015, $3.20 in 2014, $3.54 in 2013, $3.92 in 2012 and $3.63 in 2011.

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