Albany gas prices rise in past week

ALBANY, N.Y. » Albany gas prices have risen 0.6 cents per gallon in the past week, averaging $2.32 per gallon, according to GasBuddy’s daily survey of 546 stations. Gas prices in Albany are 4.8 cents per gallon higher than a month ago and stand 34.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Albany is priced at $2.11 per gallon while the most expensive is $2.48 per gallon, a difference of 37.0 cents per gallon. The lowest price in the state is $1.96 per gallon while the highest is $3.09 per gallon, a difference of $1.13 per gallon.

The national average price of gasoline has fallen 1.3 cents per gallon in the last week, averaging $2.24 per gallon today. The national average is up 8.0 cents per gallon from a month ago and stands 34.4 cents per gallon lower than a year ago.

“After several weeks seeing the national average make healthy gains, last week saw a significant slowdown and most states saw prices change little as we head into the New Year,” Patrick De Haan, head of petroleum analysis for GasBuddy remarked.

“I’m hopeful 2021’s theme will be recovery in the COVID-19 pandemic, which is unfortunately likely to drive gas prices higher. How much higher? GasBuddy will be revealing its 2021 Fuel Price Outlook tomorrow answering that question, giving motorists some insight into the trends expected in the coming 365 days. Short-term, expect prices to see overall less fluctuation in the week ahead as they saw to end 2020, with prices more likely to see small gains or stability than decreases,” De Haan added.