Gas Price Has Big Spike

Average retail gasoline prices in New York have risen 12.7 cents per gallon in the past week, averaging $3.85/g Sunday, according to GasBuddy’s daily survey of 6,118 gas outlets in New York. This compares with the national average that has increased 14.4 cents per gallon in the last week to $3.48/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in New York during the past week, prices yesterday were 9.2 cents per gallon higher than the same day one year ago and are 12.9 cents per gallon higher than a month ago. The national average has increased 21.1 cents per gallon during the last month and stands 4.4 cents per gallon higher than this day one year ago.

“The national average has ticked higher in the last week, as rising oil prices have put upward pressure on gasoline prices,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Unfortunately for angry motorists, there doesn’t seem to be much relief in sight, at least for the time being, as retail prices continue to climb in virtually all areas of the country,” DeHaan said.

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