When will gas prices in New York stop rising? Find out why gas is going up. (2024)

State gas prices rose for the second consecutive week and reached an average of $3.70 per gallon of regular fuel on Wednesday, up from last week's price of $3.55 per gallon, according to the AAA.

The average fuel price in state has risen about 28 cents since last month. According to the EIA, gas prices across the state in the last year have been as low as $3.11 on Jan. 22, 2024, and as high as $3.86 on Aug. 14, 2023.

A year ago, the average gas price in New York was 1% lower at $3.61 per gallon. In the Lower Hudson Valley, the current average price for regular gas is $3.85 up from $3.66 last week, according toAAA.

>> INTERACTIVE: See how your area's gas prices have changed over the years at data.lohud.com.

When will gas prices stop going up in New York

Gas prices should be leveling off as the summer vacation driving season is approaching, according to experts.

“As the nationwide changeover to summer gasoline is now behind us, at least one of the three factors that had been actively causing prices to rise in the last couple of months is behind us. However, it may take time for the largest pain point to be over: refinery maintenance. The next few weeks should see many refineries wrapping up their work and gasoline output should rise, putting downward pressure on gasoline prices soon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While Israel’s retribution on Iran was somewhat surprising, it was also measured, with Iran virtually not even mentioning it publicly. As such, the price of oil has moved slightly lower, following the de-escalation that now appears to be taking place. I’m hopeful with reduced concern in the Middle East and an end to the seasonal factors pushing prices up that Americans will soon see relief.”

When will gas prices drop again?

Spokesperson for AAA, Andrew Gross, told USA TODAY that the most recent price increase is no surprise.

Historically, gas prices typically increase in the transition from February to March. From 2021 to 2024, gas prices during these months have increased by as much as 71 cents.

“Gas prices move higher in the spring and summer every year. The nation makes the switch from cheaper winter blend gas to summer starting in March and April,” Gross said. “The better weather and longer days usually leads to more driving, pushing demand up.”

Even though drivers are experiencing high gas prices right now, Gross said these prices will most likely decrease as we approach the cooler months in 2024. As the months go from August to September, drivers can expect to see gas prices decrease between 10 to 20 cents.

How much is gas right now in New York?

The average gas price in the United States last week was $3.67, making prices in the state about 0.9% lower than the nation's average. The average national gas price is up from last week's average of $3.63 per gallon. These are the current average gas prices regionally as of April 24 in New York according to the AAA.

• Albany-Schenectady-Troy: $3.737 - 1 month ago: $3.487
• Batavia: $3.541 - 1 month ago: $3.309
• Binghamton: $3.616 - 1 month ago: $3.362
• Buffalo-Niagara Falls: $3.588 - 1 month ago: $3.350
• Dutchess-Putnam County: $3.768 - 1 month ago: $3.440
• Elmira: $3.593 - 1 month ago: $3.298
• Glens Falls: $3.755 - 1 month ago: $3.523
• Ithaca: $3.663 - 1 month ago: $3.371
• Kingston: $3.682 - 1 month ago: $3.356
• Nassau-Suffolk: $3.678 - 1 month ago: $3.369
• New York: $3.787 - 1 month ago: $3.476
• Rochester: $3.624 - 1 month ago: $3.360
• Syracuse: $3.633 - 1 month ago: $3.377
• Utica-Rome: $3.714 - 1 month ago: $3.472
• Watertown-Fort Drum: $3.766 - 1 month ago: $3.468
• White Plains: $3.821 - 1 month ago: $3.544

Ozge Terzioglu and Ahjané Forbescontributed to this story.