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Albany-area drivers are experiencing steady gas prices, with the current average for a gallon of regular fuel at $3.11. This price remains unchanged from last week and is down seven cents compared to a month ago. The state average in New York is slightly lower at $3.10, while the national average stands at $3.12.
According to AAA, the national average has seen minor fluctuations, increasing by about four cents since last week. Despite these changes, the price of crude oil remains below $70 per barrel, contributing to the overall stability in gas prices.
In the Capital Region, the steady prices are a relief for motorists, especially as many prepare for spring travel. The region's prices are consistent with broader trends, which noted a decrease in gas prices due to softer oil prices.
While the current situation is stable, AAA warns that fluctuations in gas prices may still occur due to market dynamics and retailer responses to economic news. As spring approaches, demand may rise, potentially impacting prices at the pump.