N.Y., national gas prices remain ‘fairly quiet’

KINGSTON, N.Y. » Average retail gasoline prices in New York have fallen 0.9 cents per gallon in the past week, averaging $2.99 per gallon Sunday.

This compares with the national average, which has fallen 1.1 cents per gallon in the last week to $2.85, according to gasoline price website GasBuddy.com.

Including the change in gas prices in New York during the past week, prices Sunday were 53.8 cents per gallon higher than the same day one year ago and are 1.7 cents per gallon lower than a month ago.

The national average has dropped 3.6 cents per gallon during the last month and stands 50.3 cents per gallon higher than this day a year ago.

Average gasoline prices on Aug. 13 in New York have ranged widely over the last five years: $2.45 per gallon in 2017, $2.29 per gallon in 2016, $2.78 per gallon in 2015, $3.76 per gallon in 2014 and $3.84 per gallon in 2013.

“Yet again, average gas prices have remained fairly quiet. This summer has been remarkably mum at pumps with most states seeing prices move in an uncharacteristically small summer range of 10-20 cents per gallon or less,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Oil prices continue to be range bound between $67 and around $73 per barrel as of late as competing factors weigh on oil prices at very similar times. Oil inventories have continued to decline, but gasoline inventories remain healthy and, with summer drawing to a close and gasoline demand set to step down, we may see additional relief coming barring any disruptions to the flow of oil or gasoline like a major hurricane. “

For live fuel price averages, visit http://FuelInsights.GasBuddy.com.