Gas prices continue to rise, up 3.9 cents per gallon in past week

News

A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. (Photo Illustration by Sean Gallup/Getty Images)

ALBANY, N.Y. (NEWS10) – Albany gas prices have risen 3.9 cents per gallon in the past week, averaging $3.01/g Monday, according to GasBuddy’s daily survey of 546 stations in Albany. Gas prices in Albany are 16.1 cents per gallon higher than a month ago and stand 90.8 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Albany is priced at $2.82/g Monday while the most expensive is $3.19/g, a difference of 37.0 cents per gallon. The lowest price in the state Monday is $2.79/g while the highest is $3.79/g, a difference of 100.0 cents per gallon.

The national average price of gasoline has reportedly risen 6.4 cents per gallon in the last week, averaging $3.03/g Monday. The national average is up 16.8 cents per gallon from a month ago and stands $1.17/g higher than a year ago.

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

  • May 17, 2020: $2.10/g (U.S. Average: $1.86/g)
  • May 17, 2019: $2.80/g (U.S. Average: $2.86/g)
  • May 17, 2018: $2.93/g (U.S. Average: $2.91/g)
  • May 17, 2017: $2.42/g (U.S. Average: $2.33/g)
  • May 17, 2016: $2.29/g (U.S. Average: $2.22/g)
  • May 17, 2015: $2.73/g (U.S. Average: $2.71/g)
  • May 17, 2014: $3.79/g (U.S. Average: $3.65/g)
  • May 17, 2013: $3.60/g (U.S. Average: $3.62/g)
  • May 17, 2012: $3.88/g (U.S. Average: $3.72/g)
  • May 17, 2011: $4.04/g (U.S. Average: $3.94/g)

Neighboring areas and their current gas prices:

  • Waterbury- $2.96/g, up 2.6 cents per gallon from last week’s $2.94/g.
  • Hartford- $3.00/g, up 5.0 cents per gallon from last week’s $2.95/g.
  • Springfield- $2.84/g, up 4.9 cents per gallon from last week’s $2.79/g.

“The national average gas price surged last week thanks to big price jumps in Southeastern states due to the previously shut down Colonial Pipeline, but most areas outside that region saw smaller fluctuations,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

“With the pipeline now back in service, I expect prices to come down in the hardest hit states, specifically the Carolinas, Georgia, Tennessee, Florida and Virginia. The drops should lead the national average to soon fall back under the $3 per gallon mark, but motorists shouldn’t get too excited- prices may start to head higher in a few weeks should Memorial Day gasoline demand be red hot. In addition, motorists in the affected areas should see outage numbers continue to decline this week, especially early in the week when gasoline demand tends to be lowest. I’m optimistic that there will be enough recovery by Memorial Day for motorists in these states to fill up without having to search for gasoline,” continued De Haan.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download our news app

App Store Link
Google Play Link

Latest PODCAST episode

More PODCAST: On the Story with Trishna Begam
CHECK OUT OUR NEW APP FEATURES

Click Below to set up your cable box

DESTINATION NEW YORK

Latest COVID-19 News

More COVID-19

Cuomo Under Fire News

More Cuomo Under Fire