Albany gas price update, January 10

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ALBANY, N.Y. (NEWS10) – On Monday, January 10, GasBuddy reported a weekly update on Albany gas prices. All Albany-based data is from GasBuddy’s daily survey of 546 stations in Albany.

Average gasoline prices in Albany are unchanged in the last week, averaging $3.44/g Monday, January 10 Prices in Albany are 2.9 cents per gallon lower than a month ago and stand $1.09/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Albany was priced at $3.27/g Monday, January 10 while the most expensive was $3.59/g, a difference of 32.0 cents per gallon. The lowest price in the state yesterday was $2.85/g while the highest was $4.49/g, a difference of $1.64/g.

The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $3.29/g today. The national average is down 5.5 cents per gallon from a month ago and stands 97.5 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 gas prices in Albany and the national average going back 10 years:

  • January 10, 2021: $2.35/g (U.S. Average: $2.31/g)
  • January 10, 2020: $2.67/g (U.S. Average: $2.59/g)
  • January 10, 2019: $2.44/g (U.S. Average: $2.25/g)
  • January 10, 2018: $2.58/g (U.S. Average: $2.51/g)
  • January 10, 2017: $2.45/g (U.S. Average: $2.36/g)
  • January 10, 2016: $2.13/g (U.S. Average: $1.97/g)
  • January 10, 2015: $2.60/g (U.S. Average: $2.14/g)
  • January 10, 2014: $3.62/g (U.S. Average: $3.30/g)
  • January 10, 2013: $3.64/g (U.S. Average: $3.31/g)
  • January 10, 2012: $3.59/g (U.S. Average: $3.37/g)

Neighboring areas and their current gas prices:

  • Waterbury- $3.43/g, down 4.4 cents per gallon from last week’s $3.47/g.
  • Hartford- $3.43/g, up 1.1 cents per gallon from last week’s $3.42/g.
  • Springfield- $3.28/g, down 0.9 cents per gallon from last week’s $3.29/g.

“Oil prices have remained stubbornly strong, touching nearly $80 per barrel last week, pushing gasoline prices higher even as U.S. gasoline demand starts to struggle. Some of this is typical seasonal weakness, but the lack of demand is likely enhanced by omicron cases surging and Americans who are just a bit more hesitant to get out right now,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, unrest in Kazakhstan, the 18th largest oil producer, is likely leading to impacts on oil production, while continued unrest in Libya also worries markets and overpowers the seasonal drop in gasoline demand. Without improvement or stability in oil producing countries, we’re likely to continue to see upward pressure on oil prices.”

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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