Binghamton Braces for $5 Gas by Month's End

GasBuddy analyst warns rising fuel prices could continue to surge in coming weeks.

Apr. 7, 2026 at 7:41pm

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A geometric abstract illustration featuring overlapping triangles and circles in shades of red, blue, and yellow, conveying the rising cost of gasoline and its economic implications for the local community.As gas prices surge, the Binghamton community braces for the financial impact of $5-per-gallon fuel.Binghamton Today

Binghamton-area drivers are facing the prospect of $5-per-gallon gasoline by the end of April, according to GasBuddy's petroleum analysis chief Patrick De Haan. De Haan told WNBF News that prices have already jumped 20 cents per gallon in recent days, with the average regular unleaded price now around $4.19. He cited the ongoing war in Iran as a key factor driving the increases, which could push prices even higher in the coming weeks.

Why it matters

The rapid rise in gas prices is putting a significant financial strain on Binghamton-area residents, especially those with long commutes or who rely on their vehicles for work. This could impact consumer spending, the local economy, and household budgets across the region.

The details

De Haan said the pace of price increases means $5 gas could arrive in Binghamton by the end of April or early May if the situation does not improve. He acknowledged the difficulty in predicting such volatile fuel markets, but warned that shortages in the U.S. are "not impossible" even though the country is "somewhat insulated" due to its own supply. The highest average price for regular gas in Binghamton was nearly $5 per gallon in June 2022.

  • Gas prices jumped 20 cents per gallon between Monday and Tuesday, April 7, 2026.
  • The average regular unleaded price in Binghamton is currently around $4.19 per gallon.
  • The highest average price for regular gas in Binghamton was $4.984 per gallon on June 9, 2022.

The players

Patrick De Haan

Head of petroleum analysis at GasBuddy, a company that tracks and analyzes gasoline prices.

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What they’re saying

“$5 a gallon gas could be seen in Binghamton "by the end of April or potentially early May at the pace we're going, if nothing improves, that is a realistic possibility.”

— Patrick De Haan, Head of petroleum analysis

“it's not impossible" that fuel shortages could occur in the United States, though the nation "is somewhat insulated because we do have a lot of supply.”

— Patrick De Haan, Head of petroleum analysis

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

The rapid rise in gas prices in Binghamton is putting significant financial strain on residents and the local economy, raising concerns about potential fuel shortages and the unpredictable nature of the volatile energy market.