As refineries in Texas recover from Hurricane Harvey, The price of a gallon of regular in the Capital District dropped 1.8 cents in the past week, according to GasBuddy, an online monitor of gas prices across the nation.
The average cost of gallon is $2.70, according to the most recent survey of 546 gas outlets in the Capital District. Nationwide, the price of a gallon dropped by 4.7 cents to $2.60.
“As we welcome back winter gasoline across most of the country, gasoline production has continued to recover after Harvey, leading much of the country to enjoy falling gasoline prices along with fall weather,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.
The most recent average price in the Capital District is 50.8 cents per gallon higher than a year ago and 36.6 cents higher than a month ago. The national average has increased 27.9 cents per gallon during the last month and stands 40.4 cents higher than a year ago.
According to GasBuddy, over the last five years, gas prices in Albany have had a wide range from $2.19 in 2016 to $4.08 in 2012.