Another week and more good news at the pump for local drivers. The average cost of a gallon of gas dipped once again this past week … to $3.08 in the Syracuse area. Gas Buddy analysts say that’s 8-cents lower than a month ago … and 44 cents cheaper than a year ago at this time. A welcome sight for anyone still planning summer travel by the roadways.
Analysts see the decline continuing through Labor Day. But hurricane activity could disrupt supply … and push prices higher as we get into late summer and early fall.
“It’s been another relatively quiet week for average gas prices, with most states seeing modest or slight declines, while a handful of price cycling states experienced the most noticeable fluctuations,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices continue to hover in the mid-to-upper $60s, and with gasoline demand starting to ease as we head into August, we could see prices gradually decline as we approach Labor Day. That said, this is also the time of year when the tropics begin to stir, so we’ll be keeping a close eye on hurricane activity that could disrupt supply and shift the outlook.”
This is the cheapest gas has been this time in July of since 2020, and Syracuse has the lowest average price in the region, compared to Rochester, Buffalo and Scranton.
July Gas Prices in Syracuse area over the past 10 years
- July 28, 2024: $3.52/g (U.S. Average: $3.47/g)
- July 28, 2023: $3.75/g (U.S. Average: $3.72/g)
- July 28, 2022: $4.58/g (U.S. Average: $4.23/g)
- July 28, 2021: $3.14/g (U.S. Average: $3.16/g)
- July 28, 2020: $2.16/g (U.S. Average: $2.18/g)
- July 28, 2019: $2.73/g (U.S. Average: $2.72/g)
- July 28, 2018: $2.85/g (U.S. Average: $2.85/g)
- July 28, 2017: $2.32/g (U.S. Average: $2.31/g)
- July 28, 2016: $2.16/g (U.S. Average: $2.13/g)
- July 28, 2015: $2.69/g (U.S. Average: $2.70/g)
(Source: GasBuddy.com)
