Region sees rise in weekly gas prices
ALBANY, N.Y. » Albany gas prices have risen 3.3 cents per gallon in the past week, averaging $2.23 per gallon, according to GasBuddy’s daily survey of 546 stations. Gas prices in Albany are 9.0 cents per gallon higher than a month ago and stand 50.5 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Albany is priced at $2.05 per gallon while the most expensive is $2.39 per gallon, a difference of 34.0 cents per gallon. The lowest price in the state as of this writing is $1.85 per gallon while the highest is $2.79 per gallon, a difference of 94.0 cents per gallon.
The national average price of gasoline has risen 3.4 cents per gallon in the last week, averaging $2.17 per gallon. The national average is up 19.7 cents per gallon from a month ago and stands 53.4 cents per gallon lower than a year ago.
“Gasoline prices have continued to rise across the U.S., a streak that enters its ninth week, but with a resurgence in COVID-19 cases across several states and with Pay with GasBuddy gasoline demand data showing the first weekly drop in gasoline demand since Memorial Day and just the second one since March, there may eventually be a small reckoning in the price of gasoline,” Patrick DeHaan, head of petroleum analysis at GasBuddy explained.
“Last week, U. S. gasoline demand fell 0.4%, not exactly a staggering figure, but data from later in the week pointed to much more noticeable drops, which may be a coming trend as authorities in some U.S. states rescind their re- openings. Motorists across the country will likely be influenced by what develops in those areas- improvement and a slowdown in COVID would cause gas prices to continue rising, while a continued resurgence in COVID-19 cases and a drop in gasoline demand will mean lower gas prices,” DeHaan added.