State & Union: Little change in NY, local gas prices
Average gasoline prices in New York rose 0.7 cents per gallon in the last week, averaging $3.17/g Monday, according to GasBuddy’s survey of 6,118 stations in New York.
In Olean, the price per gallon remained at just less than $3.40/g, a mark maintained for months.
Prices in New York are 10.2 cents per gallon higher than a month ago and stand 38.1 cents per gallon lower than a year ago.
GasBuddy also released its 2025 Independence Day gas price forecast, projecting the national average price of gas will fall to $3.15 per gallon on July 4, down nearly 35 cents from last year’s July 4 average to the lowest Independence Day tally since 2021. Though recent events have caused some turmoil and volatility in energy markets, gas prices have returned to decline due to cooling Middle East geopolitical tensions and increased oil production from OPEC in recent months, GasBudddy reports.
The lowest price in the state to being the week was $2.55/g while the highest was $4.79/g, a difference of $2.24/g.
The national average price of gasoline has fallen 3.8 cents per gallon in the last week, averaging $3.14/g Monday. The national average is up 1.1 cents per gallon from a month ago and stands 32.1 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.
The national average price of diesel has increased 2.7 cents in the last week and stands at $3.676 per gallon.
“The national average price of gasoline has resumed its decline, with falling prices driven by easing tensions in the Middle East — just weeks after those same tensions had pushed prices higher,” says Patrick De Haan, head of petroleum analysis at GasBuddy. “For motorists planning to hit the road for Independence Day, gas prices are expected to continue falling nearly coast to coast in the lead-up to July 4.”
Relief could expand as the holiday weekend approaches, De Haan says, with the national average on track to hit its lowest July 4 level since 2021 at $3.15 per gallon.
“As long as tensions in the Middle East remain contained and the U.S. avoids a major hurricane, we could see the national average fall below $3 per gallon later this summer,” he adds.
Other regions in New York and their current gas prices include Buffalo at $3.20/g, up 1 cent from last week; Syracuse at $3.16/g, down 0.4 cents; and Rochester at $3.17/g, down 2 cents. In Bradford, the price per gallon at most outlets was between you $3.65/g and $3.59/g. On Seneca Nation of Indians territory, where no federal or state gas taxes are collected, reported prices ranged from $2.60/g to $2.95/g.
Historical gasoline prices in New York and the national average this week going back 10 years:
• June 30, 2024: $3.55/g (U.S. average, $3.46/g)
• 2023: $3.65/g ($3.50/g)
• 2022: $4.90/g ($4.85/g)
• 2021: $3.15/g ($3.12/g)
• 2020: $2.24/g ($2.18/g)
• 2019: $2.85/g ($2.71/g)
• 2018: $3/g ($2.85/g)
• 2017: $2.42/g ($2.23/g)
• 2016: $2.42/g ($2.28/g)
• 2015: $2.95/g ($2.77/g)