Gas Prices Hit New Record High in New York State
Stop us if you've heard this one before...Gas prices have hit another new record high today in New York State. With the official start of summer coming up with Memorial Day weekend, things are going to be a little harder on your wallet if you are looking to take a road trip.
Prices across New York State surged another .18 cents a gallon according to the latest information released by AAA. One year ago, the national average was at $3.04 a gallon.
Here in Western New York, we are seeing a surge at the pumps as well as prices jumped .20 cents a gallon over the last week from $4.62 to $4.82 a gallon. The previous all-time high for the price of gas per gallon in the Buffalo-Niagara Falls region was $4.27 back in 2008.
We first broke the all-time high back in March of this year when a gallon of gas hit $4.37 a gallon. And now comes the news from JP Morgan that we could be looking at prices topping the $6 a gallon mark by the time we hit summer here in Western New York.
Compared to the rest of the nation, New York is one of the highest when it comes to the price of gas per gallon, as we currently sit at the 8th highest price in the country. California currently sits at the top of the list at $6.06 a gallon. Oklahoma currently has the cheapest gas in the country at $4.03 a gallon.
AAA is predicting that 39.2 million people will travel 50 miles or more from home this Memorial Day weekend, which is an increase of 8.3% over 2021.