Eyewitness News Guide to Gas Prices

ByEyewitness News via WABC logo
Wednesday, March 9, 2022
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With gas prices on the rise around the country and in the Tri-State area, we take a bigger looks at how we got here and how long we can expect this to last.

NEW YORK (WABC) -- With gas prices on the rise around the country and in the Tri-State area, we take a bigger looks at how we got here and how long we can expect this to last.

Watch our half-hour special: "Eyewitness News Guide to Gas Prices" right here and on all our digital platforms.

Here are some of the latest headlines on rising gas prices and its impact

Tri-State restaurants, delis and drivers feeling impact of rising fuel prices

Drivers aren't the only ones to feel the pain at the pump as fuel prices rise across the nation and the Tri-State area. Like everybody else, restaurants are also feeling the pain of the higher gas prices. At Vincent's Clam Bar in Carle Place, delivery services are adding a few dollars in fuel surcharges to each of their food deliveries.

Gas prices in Tri-State rise area above $4 a gallon

Gas prices continue to skyrocket at the fastest pace in history and are expected to continue to rise through the month, due both to inflation and the war in Ukraine. Right now, the average price for gas is $4.10 a gallon in New Jersey, $4.21 in New York and $4.22 in Connecticut. The national average is $3.92 a gallon, a more than 30 cent increase from just five days earlier.

Pain at the Pump: 7 tips to save money at the gas station

Gas prices continue to surge to record-breaking levels as the war in Ukraine continues combined with crippling inflation. On Tuesday, the same day President Joe Biden announced a ban on Russian oil imports, AAA reported the national average at $4.17 per gallon. So how can you pare down the price at the pump? 7 On Your Side's Nina Pineda has 7 tips.

Biden bans Russian oil imports, warns of 'costs' to Americans

President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia's economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. He warned that Americans will see rising prices, saying, "Defending freedom is going to cost."

Shell to stop buying Russian oil and natural gas

Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, "in a phased manner."

RELATED | Gov. Hochul directs electric, gas utilities to work with New Yorkers on energy bills

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