NYC Gas Prices Hit 8-Year High, Topping $4 a Gallon

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NYC Gas Prices Hit 8-Year High, Topping $4 a Gallon
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NYC gas prices hit eight-year high, topping $4 a gallon

nationally are already up more than 10% this year, and at the extreme end, spots in California are now paying more than $6 a gallon.

New York City isn't quite there yet, but it's only a few cents off record highs, with more increases yet to come. "The price of crude oil started today over $111 per barrel due to the war in Ukraine, and will likely increase with continuing conflict. Improving weather will lead to more driving, increased gasoline demand, and higher prices. And the middle of this month will see the beginning of the switch to more expensive blends of summer gasoline. Pain at the pump looks like it will continue for months to come," AAA Northeast said.

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