Gas in New York Reach Highest Price in 7 Years, Expected To Climb

Gas in New York Reach Highest Price in 7 Years, Expected To Climb

Ronira

Gas prices across New York State have reached its highest point in seven years and officials expect residents to experience "more pain at the pump."

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The national average price for a gallon of gas rose 8 cents during the last week to $3.27, Triple-A reports.

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"This is the highest price since October 2014 and is primarily due to the surging price of crude oil, which crept above $80 bbl before edging slightly lower," Triple A states.

In New York State the average price for a gallon of regular gas is $3.360, up about nine cents from one week ago and over one dollar from a year ago. One year ago the price was $2.253.

“The key driver for this recent rise in the price of gas is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said AAA Spokesperson Andrew Gross. “And last week’s decision by OPEC and its oil-producing allies to not increase production further only exacerbated the upward momentum for crude oil prices.”

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Below are the averages from New York State, according to Triple-A:

Gas in New York Reach Highest Price in 7 Years, Expected To Climb

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Albany-Schenectady-Troy

Current Average: $3.338
1 Week Ago: $3.238
1 Month Ago: $3.238
1 Year Ago: $2.264

Batavia

Current Average: $3.328
1 Week Ago: $3.255
1 Month Ago: $3.253
1 Year Ago: $2.202

Binghamton

Current Average: $3.35
1 Week Ago: $3.240
1 Month Ago: $3.266
1 Year Ago: $2.170

Buffalo-Niagara Falls

Current Average: $3.308
1 Week Ago: $3.228
1 Month Ago: $3.227
1 Year Ago: $2.218

Dutchess-Putnam County

Current Average: $3.352
1 Week Ago: $3.275
1 Month Ago: $3.241
1 Year Ago: $2.315

Elmira

Current Average: $3.316
1 Week Ago: $3.188
1 Month Ago: $3.218
1 Year Ago: $2.182

Glens Falls

Current Average: $3.387
1 Week Ago: $3.305
1 Month Ago: $3.301
1 Year Ago: $2.338

Ithaca

Current Average: $3.362
1 Week Ago: $3.282
1 Month Ago: $3.269
1 Year Ago: $2.186

Kingston

Current Average: $3.285
1 Week Ago: $3.177
1 Month Ago: $3.228
1 Year Ago: $2.160

Nassau-Suffolk

Current Average: $3.326
1 Week Ago: $3.264
1 Month Ago: $3.280
1 Year Ago: $2.180

New York City

Current Average: $3.413
1 Week Ago: $3.347
1 Month Ago: $3.348
1 Year Ago: $2.284

Rochester

Current Average: $3.358
1 Week Ago: $3.277
1 Month Ago: $3.274
1 Year Ago: $2.238

Syracuse

Current Average: $3.339
1 Week Ago: $3.242
1 Month Ago: $3.241
1 Year Ago: $2.188

Utica-Rome

Current Average: $3.375
1 Week Ago: $3.307
1 Month Ago: $3.295
1 Year Ago: $2.310

Watertown-Fort Drum

Current Average: $3.352
1 Week Ago: $3.270
1 Month Ago: $3.255
1 Year Ago: $2.296

White Plains

Current Average: $3.428
1 Week Ago: $3.344
1 Month Ago: $3.315
1 Year Ago: $2.371

Categories: Local News

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