Gasoline Alley gets attention on LI

October 24, 2008 2:43:40 PM PDT
Gas prices are falling throughout the area, but for how much longer? OPEC announced Friday that it is cutting oil production.According to AAA, the average price of a gallon of regular gas in New Jersey is now at $2.67. In Connecticut, drivers are paying $2.82. In New York, its $3.08. But along Route 109 on Long Island, drivers are seeing some of the cheapest gas around. In fact, it's being called Gasoline Alley.

There's a cluster of gas stations with low prices. Owners say that when on station went as low as $2.71, they all did to stay in business. These prices have not been seen anywhere else. The only problem is that it's temporary.

People are filling up as gas prices on Long Island are down about $1.30 since July, according to AAA.

But now OPEC says it will dramatically cut production by 1.5 million barrels a day, starting next month.

And that will cause gas prices to go right back up.

While OPEC is making the move based on major losses stemming from the slumping economy, consumers are temporarily benefiting.

Many drivers say when the prices go back up, they'll go back to driving less. But for now, they're all taking advantage.

"They're fighting less, buying more," LukOil owner Bobby Sangh said. "Coffee and other stuff. Never used to come in."

"I get to grab the kids, go camping, do more activities on the weekend," customer David Melecio said.

Gas prices dropped at these stations to $2.65 Friday. But again, with OPEC making a production cut, no one is getting too comfortable with the lower prices.

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STORY BY: Long Island reporter Emily Smith

WEB PRODUCED BY: Bill King

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