#GasPrices #CapitalDistrict #AlbanyNY #GasBuddy #JimFranco #SpotlightNews
ALBANY — An average gallon of regular went up 6 cents in the past week, according to a daily survey of 546 gas stations in the Capital District conducted by GasBuddy.com, an online company that tracks gas prices.
On Sunday, April 22, a gallon of regular cost $2.78, which is slightly higher than the national average of $2.75 per gallon.
Nationally, the cost of a gallon of regular went up by 3.4 cents, according to GasBuddy.
Locally, a gallon of regular is 16.4 cents higher than a year ago and 32.3 cents higher than a month ago.
The national average for a gallon of regular increased 15.5 cents during the last month and 33.5 cents over the last year.
Gas prices have ranged widely in the last five years, from a high of $3.63 in 2013 to a low of $2.20 in 2016.
“Gas price increases gripped 49 of the nation’s 50 states again last week as oil prices continued their upward move to new multi-year highs. In addition, government data highlighted a new record for gasoline demand was breached last week, and we’re not even into the summer driving season yet,” according to Patrick DeHaan, the head of petroleum analysis for GasBuddy. “All signs point to some additional upward movement before prices peak and perhaps drop slightly around Memorial Day into the month of June – all certainly very contingent and subject to any changes from OPEC.”