KINGSTON, N.Y. The average retail gasoline price in NY state rose another 3.6 cents per gallon last week, reaching $2.79 per gallon, but might have experienced its post-Harvey peaked, an industry analyst says.
Motorists nationally and in CT may not realize it, but for the first time in 15 days, the average price of a gallon of gas appears to be leveling out, says AAA Northeast. The average price a year ago at this time in MA was $2.10.
NY state's average price on Sunday was 33.4 cents per gallon higher than a month ago and 48.6 cents higher than a year ago.
However, Hurricane Irma - and previously Harvey - is affecting prices in CT where we've seen a 3-cent increase here compared to this time last week.
Today, Oklahoma and Louisiana are the two states registering the lowest averages in the nation at $2.36 and $2.40, respectively.
Wholesale gasoline declined a cent to $1.65 a gallon. Natural gas sank 9 cents, or 3.1 percent, to $2.89 per 1,000 cubic feet. Heating oil fell 2 cents to $1.77 a gallon. "However, the effects finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries, said Patrick DeHaan, senior petroleum analyst for GasBuddy". Gas prices climbed last week during the aftermath of Hurricane Harvey, which cut US refining capacity, and in anticipation of Hurricane Irma's impact. Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector.