Area gas prices decline in past week

ALBANY, N.Y. » Albany area gas prices are unchanged in the past week, averaging $2.24 per gallon, according to GasBuddy’s daily survey of 546 stations.

Gas prices in Albany are 1.8 cents per gallon lower than a month ago and stand 38.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Albany is priced at $1.98/g today while the most expensive is $2.45 per gallon, a difference of 47.0 cents per gallon. The lowest price in the state is $1.93 per gallon while the highest is $2.79 per gallon, a difference of 86.0 cents per gallon.

The national average price of gasoline is unchanged in the last week, averaging $2.14 per gallon. The national average is down 4.2 cents per gallon from amonth ago and stands 45.5 cents per gallon lower than a year ago.

“Gas price trends continue to be typical for this time of year, easing slightly in most places as demand continues its slow seasonal drop, with potential enhancement from the recent surge in new coronavirus cases,” Patrick DeHaan, head of petroleum analysis for Gas Buddy remarked.

“More stations are falling back under $2 per gallon, in fact the highest amount of stations since May are no wunder that level, and I do believe that trend will continue at least for no was improvement in the coronavirus situation remains elusive,” DeHaan continued.

“There may be minor disruption in price and localized supply challenges as Tropical Storm Zeta again takes aim for the Gulf Coast, but like we’ve seen with Laura, Sally and Delta, these issues have been very minor compared to a normal year due to the reduction in our gasoline appetite,” De Haan added.