Drivers across New York are bracing for higher gas prices as global tensions push oil costs sharply upward, according to Spectrum News 1.
The price of oil briefly climbed above $100 per barrel Monday, driving the statewide average for gasoline to $3.40 per gallon. That’s up from about $3.05 just a week ago, according to AAA.
Industry watchers say nervous fuel markets are driving the surge. Higher fuel costs could also ripple through the economy, increasing prices for goods that rely on transportation.
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