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Monday, February 26, 2024

Gasoline prices rise across the Mid-Hudson Valley – Daily Freeman

KINGSTON, N.Y. — Average gasoline prices rose across the Mid-Hudson Valley last week, according to GasBuddy.com.

The average price of a gallon of gasoline in Ulster County rose 4 cents last week to $3.11 per gallon, while Dutchess saw a 2-cent increase to $3.18.

Greene saw an increase of 10 cents to $3.16, while Columbia saw prices rise 6 cents to $3.18.

The New York state average rose 1.2 cents to $3.23. The state average is 6.4 cents per gallon lower than a month ago and 29.5 cents lower than a year ago.

The national average rose 4.3 cents per gallon in the last week, averaging $3.12 per gallon on Monday. The national average is up 4.0 cents per gallon from a month ago and stands 32.5 cents per gallon lower than a year ago, according to GasBuddy data.

“A majority of states again saw average gasoline prices rise over the last week, pushed slightly higher by oil prices that had risen to multi-month highs. While most states saw price increases, they were somewhat tame, though the trend will likely begin to accelerate towards the end of the month. For now, the most common gas price in the U.S. remains $2.99 per gallon, but its days are numbered,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While Southern California is already beginning the transition to summer gasoline, and with it, higher prices, we could see a brief ‘clearance sale’ on remaining winter gasoline in some pockets of interior states as refiners start to move these time-sensitive barrels out of the system. Motorists shouldn’t be fooled into thinking any drop in prices is a long-term trend, but rather a very short term one. I expect any modest and temporary drops in prices will be replaced by pricier gasoline as we get closer to the start of spring.”

Over the past five years, average prices on Feb. 5 in New York state have been $3.53 per gallon in 2023; $3.56 in 2022; $2.55 in 2021; $2.66 in 2020; and $2.51 in 2019.

Online: https://prices.gasbuddy.com/.

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