Area gas prices drop
Albany gas prices have fallen 0.4 cents per gallon in the past week, averaging $2.25 per gallon, according to GasBuddy’s daily survey of 546 stations. Gas prices in Albany are 2.5 cents per gallon lower than a month ago and stand 36.4 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Albany is priced at $1.99 per gallon while the most expensive is $2.43 per gallon, a difference of 44.0 cents per gallon. The lowest price in the state is $1.89 per gallon while the highest is $3.07 per gallon, a difference of $1.18 per gallon.
The national average price of gasoline has fallen 2.9 cents per gallon in the last week, averaging $2.15 per gallon. The national average is down 1.7 cents per gallon from a month ago and stands 50.0 cents per gallon lower than a year ago.
“Gas prices have continued to remain subdued in large part due to the stalemate in Washington that’s holding back another round of stimulus for Americans, which could boost the economy and oil demand and help Americans get back to work,” Patrick De Haan, head of petroleum analysis for GasBuddy explained.
“Absent some resolve from lawmakers to boost the economy, we’re likely in store for another week of sideways price movements, keeping average gas prices near current levels for the fourth straight month. We may continue to see us stuck in this territory until there’s meaningful change in our COVID-19 outlook,” De Haan added.