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Gas Prices Jump as Demand Kicks In

March 19, 2021 by helpdesk1

You may have noticed you’re spending a little more at the pump than you were just last fall. WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says the price now is pretty much where it should be, as more people are traveling again and creating more demand for oil…

According to the New York State Energy Research and Development Authority, at the beginning of October, the average price of a gallon of regular in New York was $2.16, it’s currently at $2.83. During the same time period a year ago, it went down from $2.62 to $2.49. Mahoney says electric cars are not yet plentiful enough to make a dent in gas price fluctuations. He says a gallon of gas could reach as high as $3.75 this summer.

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