Syracuse, NY – Gas prices in the Syracuse market shot up about a nickel a gallon over the past week and an analyst for a gas monitoring service says we can expect more of the same. The average price of a gallon of regular hit $2.80 on Sunday, up 5.5 cents from a week earlier, according to SyracuseGasPrices.com. The national...
Syracuse, NY – Gas prices in the Syracuse market shot up about a nickel a gallon over the past week and an analyst for a gas monitoring service says we can expect more of the same.
The average price of a gallon of regular hit $2.80 on Sunday, up 5.5 cents from a week earlier, according to SyracuseGasPrices.com. The national average rose 2.1 cents a gallon to $2.72 over the same period, the service said.
Another monitoring service, the AAA motor club’s Fuel Gauge Report, pegged the per-gallon cost of regular this morning at $2.794, up 4.3 cents from last Monday.
Even with the increase, the Syracuse market sported the lowest average for regular in the state, according to AAA. The Albany metro area had held that distinction, but its average rose to $2.795 this morning, AAA said.
Oil prices climbed past $80 a barrel last week after a government report indicated that petroleum supplies had dropped more than expected, said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, SyracuseGasPrices.com’s parent.
That combined with other positive economic signals to cause oil prices to spike, DeHaan said. As a result, motorists across the country can expect gas prices to increase in the coming days from a few pennies to a dime or more per gallon, he said.
Prices should remain more volatile through the fall as the U.S. economy improves, signaling higher demand for gas, heating oil and other refined products, he said.
Syracuse.com has a map showing where to find the lowest gas prices around town.