GasBuddy: Avg. Albany prices drop .4 cents in last week
ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have fallen 0.4 cents per gallon in the last week, averaging $3.72/g Monday, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 20.2 cents per gallon higher than a month ago and 2.8 cents per gallon higher than a year ago. The national average diesel price has dropped 3.4 cents in the last week and $3.94 per gallon.
According to GasBuddy price reports, the cheapest station in Albany was priced at $3.44/g Sunday while the most expensive was $3.89/g, a difference of 45.0 cents per gallon. The lowest price in the state Sunday was $3.09/g while the highest was $4.69/g, a difference of $1.60/g.
The national average price of gasoline has fallen 1 cent per gallon in the last week, averaging $3.62/g Monday. The national average is up 2.7 cents per gallon from a month ago and 11.1 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Historical gasoline prices in Albany and the national average going back ten years:
May 6, 2023: $3.69/g (U.S. Average: $3.50/g)
May 6, 2022: $4.45/g (U.S. Average: $4.29/g)
May 6, 2021: $2.94/g (U.S. Average: $2.95/g)
May 6, 2020: $2.09/g (U.S. Average: $1.80/g)
May 6, 2019: $2.83/g (U.S. Average: $2.89/g)
May 6, 2018: $2.83/g (U.S. Average: $2.80/g)
May 6, 2017: $2.43/g (U.S. Average: $2.34/g)
May 6, 2016: $2.29/g (U.S. Average: $2.22/g)
May 6, 2015: $2.71/g (U.S. Average: $2.64/g)
May 6, 2014: $3.81/g (U.S. Average: $3.67/g)
Neighboring areas and their current gas prices:
Waterbury- $3.68/g, down 6.8 cents per gallon from last week's $3.75/g
Hartford- $3.69/g, up 2.4 cents per gallon from last week's $3.67/g
Springfield- $3.49/g, unchanged from last week's $3.49/g
"We've seen the national average fade slightly again as oil prices have cooled and our spring peak appears to be more confidently behind us," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While refinery utilization rates last week indicated that there is still some refinery maintenance work to be done, oil prices have helped put downward pressure on gasoline prices, with oil falling below $80 per barrel last week. In addition, a weaker than expected jobs report is adding to some concerns that gasoline demand could remain weak through the summer driving season, which is just a few weeks from beginning. With the seasonal factors behind us, looking ahead, we expect gasoline prices to continue cooling alongside diesel prices as we look forward to Memorial Day weekend."