Press-Republican

Business

October 30, 2013

Gas prices show decline around state

NEW YORK — Average retail gasoline prices in New York have fallen 3.2 cents per gallon in the past week.

Prices were averaging $3.56 a gallon on Sunday, according to GasBuddy’s daily survey of 6,118 gas outlets in New York.

This compares with a national average that has fallen 5.9 cents per gallon in the last week to $3.30, according to gasoline price website GasBuddy.com.

Including the change in gas prices in New York during the past week, prices on Sunday were 33.6 cents per gallon lower than the same day one year ago and are 14.7 cents per gallon lower than a month ago.

The national average has decreased 13.3 cents per gallon during the last month and stands 26.4 cents per gallon lower than that day one year ago.

“Last week saw new downward momentum in crude prices, after staying above $100/bbl (per oil barrel) for 111 days since early July, crude prices fell below $100 and just days ago closed as low as $96/bbl,” GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a news release.

“In turn, the sudden drops in crude prices have pushed gasoline futures down, as well, with motorists on the winning side of this all.

“The national average has picked up some steam on its downward trend, and in some areas of the U.S., the wholesale price of gasoline is nearing yearly lows, which is adding up to significant savings for motorists.

“Americans are spending over $100 million per day less on gasoline than they did a year ago,” DeHaan said.

GasBuddy operates NewYorkStateGasPrices.com and more than 250 similar websites that track gasoline prices at 140,000-plus gasoline stations in the United States and Canada.

In addition, GasBuddy offers a free smartphone app, which has been downloaded more than 25 million times, to help motorists find the lowest gasoline prices in their area. Find it at http://gasbuddy.com/GasBuddyMobileApps.aspx.

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