NY, national gas prices may have peaked last week – New York News




Average retail gasoline prices in New York have risen 3.6 cents per gallon in the past week, averaging $2.79 per gallon Sunday.

This compares with the national average, which has increased 1.8 cents per gallon in the last week to $2.65, according to gasoline price website GasBuddy.com.

Including the change in gas prices in New York during the past week, prices Sunday were 48.6 cents per gallon higher than the same day one year ago and are 33.4 cents per gallon higher than a month ago.

The national average has increased 30.4 cents per gallon during the last month and stands 48.1 cents per gallon higher than this day a year ago.


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According to GasBuddy historical data, gasoline prices on September 11 in New York have ranged widely over the last five years:

$2.31 per gallon in 2016, $2.56 per gallon in 2015, $3.68 per gallon in 2014, $3.84 per gallon in 2013 and $4.07 per gallon in 2012.

“Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries. The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being. “With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as…

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