GasBuddy: Average Albany gas prices jump 5.9 cents

ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have risen 5.9 cents per gallon in the last week, averaging $3.60/g Monday, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 0.9 cents per gallon lower than a month ago and 10.9 cents per gallon lower than a year ago. The national average diesel price has risen 3.6 cents in the last week and $3.81 per gallon.

According to GasBuddy price reports, the cheapest station in Albany was priced at $3.24/g Sunday while the most expensive was $3.77/g, a difference of 53.0 cents per gallon. The lowest price in the state Sunday was $2.86/g while the highest was $4.79/g, a difference of $1.93/g.

The national average price of gasoline was unchanged in the last week, averaging $3.46/g Monday. The national average is up 3.7 cents per gallon from a month ago and 5.5 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.

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

July 8, 2023: $3.71/g (U.S. Average: $3.52/g)
July 8, 2022: $4.76/g (U.S. Average: $4.70/g)
July 8, 2021: $3.13/g (U.S. Average: $3.15/g)
July 8, 2020: $2.26/g (U.S. Average: $2.19/g)
July 8, 2019: $2.74/g (U.S. Average: $2.75/g)
July 8, 2018: $2.91/g (U.S. Average: $2.85/g)
July 8, 2017: $2.28/g (U.S. Average: $2.26/g)
July 8, 2016: $2.27/g (U.S. Average: $2.24/g)
July 8, 2015: $2.85/g (U.S. Average: $2.76/g)
July 8, 2014: $3.80/g (U.S. Average: $3.65/g)

Neighboring areas and their current gas prices:

Waterbury- $3.61/g, up 5.2 cents per gallon from last week's $3.56/g
Hartford- $3.55/g, up 4.7 cents per gallon from last week's $3.50/g
Springfield- $3.40/g, up 9.4 cents per gallon from last week's $3.31/g

"The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs. While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, we'll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place."