Drive to $5: When Will Binghamton Gas Prices Get There?
Just two months after drivers in the Binghamton area started paying four dollars a gallon for regular gas, many are wondering whether the price will soon hit five dollars.
The price at many local retailers jumped to $4.699 on Monday. Motorists - who already were trying to adjust to the big increases over the past several weeks - were taken by surprise by the jump to an all-time record high price.
Drivers who shopped around Tuesday morning could still find cheaper prices. One independent convenience store in Westover had a posted price of $4.399.
Patrick DeHaan of GasBuddy.com said it's been "tremendously difficult" to accurately predict gas prices this year because of the war in Ukraine and the constantly changing Covid-19 situation around the globe.
Speaking on WNBF Radio's Binghamton Now program, DeHaan indicated $5 a gallon in the Binghamton market isn't out of the question.
DeHaan said "I really hope we don't get there." He said for Binghamton "that's probably improbable... but improbable is not the same as impossible."
With conditions around the world changing daily, DeHaan said "there's a very high degree of difficulty with predicting fuel prices accurately." He said "that's why there is a possibility of five dollars this summer but at this point I don't see how we're going to get there."
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