BUFFALO, N.Y. — This Memorial Day weekend, gas prices are on the decline. The statewide average, according to analysts at GasBuddy, is now $3.67, which is about three cents higher than last year.
It remains on the typical seasonal trend, dropping for the fourth week in a row.
“Gas prices should continue falling through much of the rest of May and into June," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Gas prices typically follow that trend every year after peaking in the spring. Prices generally trail off as refiners are now cranking up output of gasoline. That boosts supply and pushes prices down.”
Even as the average trends downward, the cost of fueling up still plays a role in how far people are willing to go in their car.
“When prices are higher, they feel less free to do the things they want or go to the places they want to," De Haan said. "So it's very much a polarizing number."
Electric vehicle owners said they are glad to not have to worry about gas and oil prices anymore.
“It's pretty nice to, like, just be able to charge up at home and not have to worry about where the next gas station is," said Cristina Sales, who was charging her Nissan Leaf at the New York State Welcome Center on Grand Island.
This week, President Joe Biden's administration announced the release of 1 million barrels of gasoline in an attempt to lower prices at the pump. De Haan said this could bring temporary relief in the form of five to fifteen cents a gallon.