January 2, 2014

Gas prices rising around New York

NEW YORK — Average retail gasoline prices in New York have risen 2.4 cents per gallon in the past week, averaging $3.67 a gallon on Sunday, according to GasBuddy’s daily survey of 6,118 gas outlets in New York.

This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.29 a gallon, according to gasoline price website 

Including the change in prices in New York during the past week, prices on Sunday were 4.3 cents per gallon lower than the same day one year ago and 5.9 cents per gallon higher than a month ago.

The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.

“The sub-$3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up,” Senior Petroleum Analyst Patrick DeHaan said in a news release.

“As of late Sunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we’re used to seeing. The bottom is behind us, and prices generally begin the New Year on a higher note, like they will again this year.

“The trend won’t last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two,” DeHaan said.

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