ALBANY, NY (NEWS10) – According to GasBuddy’s weekly survey of 546 stations in Albany, average gas prices in the area have risen 15 cents per gallon since May 16, averaging $4.87 per gallon on Monday. That’s 68 cents higher than the April average and $1.86 higher than prices seen in May 2021.
The cheapest gas station in Albany was priced at $4.59 a gallon on Sunday, while the most expensive was $5.08 a gallon, a difference of 49 cents a gallon. The lowest in New York State was $4.25, while the highest was $6.58, a difference of $2.33 per gallon.
The national average price of gasoline has increased 11 cents since May 16, averaging $4.57 a gallon on Monday. The national average is up 45 cents a gallon from April and is $1.55 a gallon higher than it was in May 2021.
Historical gas prices in Albany and the national average for 10 years:
- May 23, 2021: $3.01/g (US average: $3.02/g)
- May 23, 2020: $2.13/g (US average: $1.96/g)
- May 23, 2019: $2.80/g (US avg: $2.85/g)
- May 23, 2018: $2.99/g (US average: $2.97/g)
- May 23, 2017: $2.41/g (US average: $2.36/g)
- May 23, 2016: $2.32/g (US average: $2.28/g)
- May 23, 2015: $2.76/g (US average: $2.74/g)
- May 23, 2014: $3.78/g (US average: $3.66/g)
- May 23, 2013: $3.63/g (US average: $3.66/g)
- May 23, 2012: $3.84/g (US average: $3.68/g)
“Gasoline prices rose over the past week to new all-time highs but have finally started to slow their rise and diesel has also finally cooled off,” said Patrick De Haan, head of oil analysis at GasBuddy. “With more Americans planning to hit the road for Memorial Day this year compared to last year, prices will be more than $1.50 a gallon higher than last year. However, prices appear to be slowing down, for now. While the coast isn’t clear yet, and prices will be at their Memorial Day highs, I’m hopeful we can avoid a dreaded $5 a gallon national average this year. Whether or not we can rely on Americans to reduce demand in the face of sky-high prices.”