Gas prices increase in Albany area
ALBANY, N.Y. >> Gas prices in the Albany area have risen 0.6 cents per gallon in the past week, averaging $2.43 per gallon, according to GasBuddy’s daily survey of 546 stations.
Gas prices in Albany are 4.2 cents per gallon higher than a month ago, yet stand 17.4 cents per gallon lower than a year ago, GasBuddy reported.
The cheapest station in Albany was priced at $2.28 per gallon on Monday while the most expensive is $2.59 per gallon, a difference of 31 cents per gallon, the survey reported. The lowest price in the state on Monday was $2.27 per gallon, and the highest was $3.89 per gallon, a difference of $1.62 per gallon.
The cheapest price in the entire country on Monday was $1.86 per gallon, with the most expensive reporter $3.13 higher at is $4.99 per gallon.
The national average price of gasoline has risen 2.7 cents per gallon in the last week, averaging the same as Albany at $2.43 on Monday. The national average is up 15.6 cents per gal-
lon from a month ago, yet stands 9.1 cents per gallon lower than a year ago.
“Gas prices continued to heat up across much of the country over the last week as every area of the country has now started the first step in transitioning to summer gasoline at the same time refiners continue maintenance,” said Patrick DeHaan, head of petroleum analysis for GasBuddy, in a press release. “Looking at macroeconomics, rumors of a U. S.- China trade deal may push oil
prices higher as it would likely lead to increasing economic growth rates in both countries and pushing demand for oil higher. Since gas prices bottomed out nearly two months ago, average gas prices are up 20 cents. We may see another 20 cent hike or so over the next two months, or perhaps greater if there are any refinery kinks that arise. We’ll still be in good shape for summer gas prices to be under their year- ago levels, so all is not lost.”