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Gas Prices Dip Below $3 a Gallon in Binghamton Area

2024-11-04 19:53:27.663000

Gas prices in the Binghamton area have recently dropped below $3 a gallon, with prices at SNK Fuels at $2.959 and Scott Smith and Sons at $2.989. This represents a significant decrease of 60 cents per gallon compared to last year, when average gas prices in Binghamton were $3.801. As of November 1, 2024, the average gas price in Binghamton is now $3.201, reflecting a positive trend for local motorists who have expressed satisfaction with the price drop. The decrease in prices has been welcomed by the community, as it provides relief amid ongoing economic fluctuations. The information was reported on November 4, 2024, by Bob Joseph from WNBF News.

In South Carolina, gas prices have also seen fluctuations, with prices dropping by 2.9 cents per gallon in the last week, averaging $2.79. This is 5.7 cents higher than a month ago but 15.6 cents lower than a year ago. The cheapest station in South Carolina is priced at $2.30 per gallon, while the most expensive is $3.39. Gas prices have varied significantly over the past decade, with the highest recorded price being $3.07 per gallon in January 2014. Neighboring areas such as Spartanburg, Augusta, and Columbia have also reported varying gas prices. According to Patrick De Haan, head of petroleum analysis at GasBuddy, the national average may briefly fall below $3 per gallon due to rising gasoline inventories putting downward pressure on prices.

In Rhode Island, the average price for a gallon of regular, unleaded gasoline rose by 3 cents last week, reaching $3.04 per gallon. This price is 6 cents lower than a month ago and 37 cents lower than on January 29, 2023. Rhode Island's average gas price is currently 6 cents lower than the national average of $3.10 per gallon. The national average price of gasoline has fallen 3.5 cents in the last week, averaging $3.44 per gallon, which is down 5.6 cents from a month ago and 37.2 cents lower than a year ago. Patrick De Haan expects gasoline prices in most states to gently decline in the week ahead, although geopolitical tensions and economic uncertainties may impact future trends.

In Southeast Saskatchewan, gas prices have recently rebounded over $1.50 per liter, attributed to economic weakness and falling oil prices, particularly due to China's struggling economy. The seasonal decline in gasoline demand as summer ends and schools reopen, along with the transition to cheaper winter gasoline, is also affecting prices. Diesel prices are expected to rise with increased demand for heating oil. Hurricane Francine threatened oil refineries but had minimal long-term impact. Economic uncertainty in the U.S. and potential interest rate cuts by the Federal Reserve could further influence future gas prices. [5c6ba5cf][0c3d31bc][5f240fb2]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.