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Tuesday, December 24, 2024

Average gasoline prices back under $3 in Ulster County

Average gasoline prices back under $3 in Ulster County

KINGSTON, N.Y. — Average gasoline mostly dropped throughout the Mid-Hudson Valley, according to GasBuddy.com.

The average price of a gallon of gas in Ulster County fell 2.3 cents to $2.989, which is 2 cents higher than a month ago. Dutchess County prices fell 2.2 cents to $3.032, or 3 cents higher than a month ago.

Greene County average prices dropped 4.4 cents to $3.115. Columbia County prices inched up 1.4 cents to $3.09.

The New York State average fell by 2.2 cents per gallon to $3.09, or 1.3 cents per gallon lower than a month ago and 29.4 cents per gallon lower than a year ago, according to GasBuddy.

The national average price of gasoline rose 0.8 cents per gallon last week, averaging $2.99 per gallon today, GasBuddy said. The national average is down 7.5 cents per gallon from a month ago and 7.1 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“As we edge closer to the end of the year, we’re seeing momentum for falling gas prices weaken, which is typical as the national average generally bottoms out between Thanksgiving and Christmas,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“With oil prices rising back above $70 last week, gas prices may have less potential to drop much further, though there may be a second window of lower prices in January or February in some areas, but even that won’t last long. While several states saw gas prices cycle last week, marked by a big jump in prices after a large decline, those that did see hefty jumps should see prices drift a bit lower, potentially making a second run at the season’s lowest prices,” De Haan said. “The West Coast, including California, should continue to see prices drift lower, but with just a few weeks left in 2024, all attention turns to 2025.”

Over the past five years, average prices on Dec. 16, in New York state were $3.39 per gallon in 2023; $3.47 in 2022; $3.50 in 2021, $2.29 in 2020; and $2.70 in 2019.

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