Albany gas price update, January 3

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ALBANY, N.Y. (NEWS10) – On Monday, January 3, GasBuddy reported a weekly update on Albany gas prices. All Albany-based data is from GasBuddy’s daily survey of 546 stations in Albany.

Albany gas prices are unchanged in the past week, averaging $3.45/g Monday, January 3. Gas prices in Albany are 5.1 cents per gallon lower than a month ago and stand $1.13/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Albany is priced at $3.24/g Monday, January 3 while the most expensive is $3.59/g, a difference of 35.0 cents per gallon. The lowest price in the state Monday, January 3 is $2.85/g while the highest is $4.49/g, a difference of $1.64/g.

The national average price of gasoline has fallen 0.9 cents per gallon in the last week, averaging $3.27/g today. The national average is down 9.0 cents per gallon from a month ago and stands $1.03/g higher than a year ago.

Historical gasoline prices in Albany and the national average going back 10 years:

  • January 3, 2021: $2.32/g (U.S. Average: $2.24/g)
  • January 3, 2020: $2.66/g (U.S. Average: $2.59/g)
  • January 3, 2019: $2.48/g (U.S. Average: $2.26/g)
  • January 3, 2018: $2.57/g (U.S. Average: $2.49/g)
  • January 3, 2017: $2.45/g (U.S. Average: $2.35/g)
  • January 3, 2016: $2.16/g (U.S. Average: $1.99/g)
  • January 3, 2015: $2.70/g (U.S. Average: $2.20/g)
  • January 3, 2014: $3.64/g (U.S. Average: $3.32/g)
  • January 3, 2013: $3.63/g (U.S. Average: $3.29/g)
  • January 3, 2012: $3.48/g (U.S. Average: $3.27/g)

Neighboring areas and their current gas prices:

  • Waterbury- $3.45/g, up 0.5 cents per gallon from last week’s $3.45/g.
  • Hartford- $3.42/g, down 1.2 cents per gallon from last week’s $3.43/g.
  • Springfield- $3.29/g, down 2.1 cents per gallon from last week’s $3.31/g.

“After a pretty long run of falling gas prices, we’ve seen things stabilize. Oil prices have started to rise as omicron hasn’t been as severe as initially feared, leading to optimism that perhaps oil demand will start to rise in the weeks ahead as cases will eventually plateau,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, Great Lakes states were expected to see a price hike last week, but the hike hasn’t happened just yet, leading me to believe it will occur in short order this week and send the national average higher. For the rest of the nation, with oil near $76 per barrel, we will likely see gas price decreases replaced by minor price increases.”

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

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