NY gasoline prices decline, but national average rises

KINGSTON, N.Y. » The average retail price of gasoline in New York state fell 0.7 cents per gallon last week to settle at $2.98 on Sunday, according to GasBuddy. com.

In the Mid-Hudson Valley, according to GasBuddy, average prices per gallon Monday morning were $2.86 in Ulster County (down 2 cents from a week earlier), $3.02 in Dutchess County (up a penny), $2.95 in Greene County (unchanged) and $2.95 in Columbia County (unchanged).

The national average Sunday was $2.84 per gallon, up 1.1 cents from a week earlier.

“Pump prices across the country posted slight gains [last week] that could represent a U-turn in falling pump prices at the halfway point of summer,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Indications of continued strong summertime demand for gasoline, along with robust fuel export numbers, could serve to help sustain moderately higher gas prices. [And] more geopolitical events, such as the closing of oil ports on the Red Sea, affecting Saudi Arabian crude exports, are sure to provide more upward momentum for fuel prices in the week ahead.”

New York state’s average gas price Sunday was 2.3 cents per gallon lower than a month earlier but still 55 cents higher than a year ago. The national average has dropped 0.5 cents per gallon during the last month but still stands 53.4 cents higher than a year ago.

Average gasoline prices on July 30 in New York state

have ranged widely over the last five years: $2.43 per gallon in 2017, $2.32 in 2016, $2.86 in 2015, $3.83 in 2014 and $3.92 in 2013.

For live fuel price averages, visit fuelinsights.gasbuddy.com.