Gas prices fluctuate in Mid-Hudson Valley as national average falls

Average Mid-Hudson Valley gasoline fluctuated in the Mid-Hudson Valley after mostly raising for two week, according to gasbuddy.com.

GasBuddy reported that the average price of a gallon of gas in Ulster County was $3.59, up 3 cents from a week ago; $3.69 in Dutchess, down 3 cents; $3.77 in Greene, down 2 cents; and $3.67 in Columbia, up15 cents.

New York state’s average gas price on Monday, Oct. 24 was $3.62, unchanged from last week, while the national average fell to $3.77, down 9.3 cents from a week ago, GasBuddy reported.

“Average gas prices have declined for the second straight week with significant declines in the West and Great Lakes having an oversized effect on the drop in the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“With oil prices struggling a bit after reaching $93 after OPEC+’s decision to cut production, many regions could see falling gas prices again this week as demand continues to decline seasonally, especially if more data points to a significant economic slowdown,” De Haan said. “While gasoline prices have seen a large drop, diesel prices have been somewhat mixed, with prices heading higher in the Northeast as inventories drop to extremely tight levels ahead of the heating oil season. Motorists are reminded that the decline in gasoline prices is seasonal and should continue into the fall, and is unrelated to the coming election. Seasonality is king in driving prices, not the desires or hopes of politicians.”

Gas prices in New York state are 2.8 cents per gallon lower than a month ago and 20.5 cents per gallon higher than a year ago, GasBuddy said. It added that the national average is up 10.2 cents per gallon from a month ago and is 41.2 cents higher than this time last year.

Over the past five years, average gas prices on Oct. 24 in New York state have been $3.51 per gallon in 2021, $2.25 per gallon in 2020; $2.70 per gallon in 2019; $2.98 per gallon in 2018; and $2.66 per gallon in 2017.

Online: prices.gasbuddy. com/