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Gas prices in the Capital Region are beginning to climb after several weeks of decline, with motorists now paying more at the pump. According to AAA's latest fuel price report, the average cost for a gallon of regular gasoline in the Capital Region has risen to $2.97, marking a two-cent increase from last week.
Despite the recent uptick, current prices remain five cents lower than they were one month ago, offering some consolation to drivers. The local average sits just below the New York state average of $2.99 per gallon and above the national average of $2.87.
This reversal comes after a period of consistent price drops throughout January. Just a week ago, the regional average was $2.95 per gallon, which represented continued savings for motorists during the winter months when prices typically remain lower.
"Pump prices are typically low in January thanks to a dip in gas demand and cheaper winter blend gasoline," AAA noted in their mid-January assessment. However, recent data from the Energy Information Administration shows gasoline demand increased from 8.17 million to 8.30 million barrels per day, which may be contributing to the slight price increase.
Across the country, gas prices vary significantly by region. States like Oklahoma ($2.32), Texas ($2.42), and Kansas ($2.42) continue to offer the most affordable fuel, while Hawaii remains the most expensive at $4.39 per gallon. Other costly states include California ($4.21) and Washington ($3.79).
The recent winter storms affecting much of the country may also be contributing to price volatility, as extreme weather can impact both fuel distribution and consumer demand patterns.
Experts suggest monitoring prices closely in the coming weeks, as spring typically brings higher fuel costs due to the switch to summer-blend gasoline and increased driving demand as weather improves.