An oil industry analyst says drivers in the Binghamton area should be prepared to see higher gasoline prices in coming days.

Patrick De Haan of GasBuddy said he anticipates motorists will have "to dig just a little bit deeper" when they fuel their vehicles.

During a WNBF News interview, De Haan said pump prices in New York state "are down about four cents a gallon in the last week but we're going to start going up."

OPEC on Wednesday announced it would sharply cut production as part of an effort to increase global oil prices.

De Haan noted many stations in the Binghamton area now have a posted price of $3.699 a gallon for regular. GasBuddy.com showed three stations in the city were selling gas for $3.50 a gallon or less.

De Haan said oil prices already had started rising before OPEC's formal announcement of reduced production because there had been rumors of the planned action over the past week.

As for gas prices in the Binghamton region, De Haan predicted they likely will rise by 10 to 20 cents a gallon in the next month. But, he added, things may change and other factors beyond the OPEC production cut could affect the cost of gasoline.

FLASHBACK: Some Binghamton-area motorists paid $1.79 a gallon in February 2016. (Photo: Bob Joseph/WNBF News)
FLASHBACK: Some Binghamton-area motorists paid $1.79 a gallon in February 2016. (Photo: Bob Joseph/WNBF News)
loading...
Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com or (607) 545-2250. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

See the Must-Drive Roads in Every State

LOOK: Route 66’s quirkiest and most wonderful attractions state by state

Stacker compiled a list of 50 attractions--state by state--to see along the drive, drawing on information from historic sites, news stories, Roadside America, and the National Park Service. Keep reading to discover where travelers can get their kicks on Route 66.

More From 98.1 The Hawk