Price at the pump holds steady as dog days wind down

FROM GASBUDDY- Average retail gasoline prices in New York have not moved in the past week, averaging $2.45/g yesterday, according to GasBuddy’s survey of 6,118 gas outlets in New York. The national average also has not moved  in the last week, remaining at $2.34/g, according to GasBuddy.com.

Including the change in gas prices in New York during the past week, prices yesterday were 17.3 cents per gallon higher than the same day one year ago and are 4.2 cents per gallon higher than a month ago. The national average has increased 9.8 cents per gallon during the last month and stands 22.4 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on August 14 in New York have ranged widely over the last five years: $2.28/g in 2016, $2.77/g in 2015, $3.75/g in 2014, $3.83/g in 2013 and $3.90/g in 2012.

Areas near New York and their current gas price climate:
Syracuse- $2.37/g, down 0.8 cents per gallon from last week’s $2.38/g.
Rochester- $2.40/g, flat  from last week’s $2.40/g.
Scranton- $2.55/g, down 0.9 cents per gallon from last week’s $2.56/g.

“For the fourth straight week gasoline prices have risen, pushing the national average this week to its highest level of the summer so far,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “There are some signs, however, that we may be nearing a short-term peak as the climb in gasoline prices has begun to slow…Last week saw oil prices fluctuate little until Friday, when prices fell and closed the week under $49 per barrel, with many ‘wait and see’ factors weighing on the market, such as the Venezuela situation, hurricane season and declining U.S. oil inventories.”