Capital Region gas prices fall in past week

May 18, 2024

CAPITAL REGION, N.Y. — Average gasoline prices in the area fell 0.9 cents per gallon in the past week, averaging $3.95 per gallon today, according to GasBuddy’s survey of 546 stations in Albany.

Prices in Albany are 23.7 cents per gallon higher than a month ago and stand 32.1 cents per gallon lower than a year ago. The national average price of diesel has risen 2.1 cents in the last week and stands at $4.297 per gallon.

According to GasBuddy price reports, the cheapest station in Albany was priced at $3.64 per gallon yesterday while the most expensive was $4.09 per gallon, a difference of 45.0 cents per gallon. The lowest price in the state yesterday was $3.25 per gallon while the highest was $4.69 per gallon, a difference of $1.44 per gallon.

The national average price of gasoline is unchanged in the last week, averaging $3.82 per gallon today. The national average is up 26.0 cents per gallon from a month ago and stands 4.5 cents per gallon lower 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.

“The national average price of gasoline eked out a small decline over the last week, with some states seeing a drop of 5-10 cents per gallon, while new issues in some states, like Arizona, have caused prices to jump notably in others,” said Patrick De Haan, head of petroleum analysis at GasBuddy, in a press release.

“With California facing a deluge of water from Tropical Storm Hilary, some level of refinery problems that could impact gasoline prices could arise, and with eyes on a more active Atlantic, the next few weeks will bring additional volatility to what motorists can expect at the pump.”

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