GasBuddy: Avg. Albany prices fell 1.3 cents in last week

ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have fallen 1.3 cents per gallon in the last week, averaging $3.71/g Monday, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 11.9 cents per gallon higher than a month ago and 2.3 cents per gallon higher than a year ago. The national average diesel price dropped 4.6 cents in the last week and is $3.90 per gallon.

According to GasBuddy price reports, the cheapest station in Albany was priced at $3.43/g Sunday while the most expensive was $3.87/g, a difference of 44.0 cents per gallon. The lowest price in the state Sunday was $3.03/g while the highest was $4.79/g, a difference of $1.76/g.

The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $3.58/g Monday. The national average is down 3.7 cents per gallon from a month ago and 6.1 cents per gallon higher 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.

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

May 13, 2023: $3.69/g (U.S. Average: $3.52/g)
May 13, 2022: $4.67/g (U.S. Average: $4.44/g)
May 13, 2021: $2.99/g (U.S. Average: $3.03/g)
May 13, 2020: $2.09/g (U.S. Average: $1.86/g)
May 13, 2019: $2.81/g (U.S. Average: $2.86/g)
May 13, 2018: $2.89/g (U.S. Average: $2.86/g)
May 13, 2017: $2.41/g (U.S. Average: $2.33/g)
May 13, 2016: $2.28/g (U.S. Average: $2.22/g)
May 13, 2015: $2.72/g (U.S. Average: $2.67/g)
May 13, 2014: $3.80/g (U.S. Average: $3.64/g)

Neighboring areas and their current gas prices:

Waterbury- $3.67/g, down 1 cent per gallon from last week's $3.68/g
Hartford- $3.67/g, down 1.8 cents per gallon from last week's $3.69/g
Springfield- $3.46/g, down 3.6 cents per gallon from last week's $3.49/g

"While pump prices haven't exactly plummeted, we've seen the average price of gasoline drop in a majority of states over the last week as refineries finish maintenance and ramp up output of products like gasoline," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With gas prices now nearing a 10-cent drop to the high we saw a few weeks ago, the future looks good as we get closer to Memorial Day; price drops could potentially accelerate after last week's jobs data shows the economy continues to cool off. While gas prices stand slightly above where they were last year, I expect most Americans will see prices fall before the holiday weekend, and I'm optimistic the trend could extend into June and beyond. I'm excited to say it does appear that for now, the worst is behind us."