Gas Prices Continue To Rise Across Tri-State


gasDrivers across the the Tri-State Area are wincing Monday at prices at the gas pump. The statewide average in New York, according to AAA, was $3.93 a gallon for regular. In Connecticut, prices rose by a penny to $3.94. In New Jersey, prices were a comparatively cheap $3.58.

One station in the Big Apple increased prices by 10 cents overnight.

In just the past few weeks, gas prices have shot up by 12 cents a gallon in New Jersey. The price jump isn’t just in our are: Oklahoma residents saw their prices jump a whopping 23 cents.

The national average reached $3.76 a gallon, 17 cents lower than New York City prices.

“I can’t afford $60 to fill up. It’s not going to happen,” one driver said.

Some attribute the soaring gas prices on the problems in Libya. Rebellion there impacted oil fields, putting a stop to the country’s daily exports of 1.5 million barrels of crude, and leading oil speculators to push up the price.

Simultaneously, refineries in the U.S. were switching to their summer blend, which also increases the cost.

Experts said the average cost of gas could exceed 2008′s all-time record of $4.11 a gallon.

{WCBS 880/ Newscenter}


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