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Gas prices continue to rise on Long Island
Drivers are feeling it at the pump this week. Gas prices have steadily climbed across Long Island since Monday.
This morning, the average cost of a regular gallon of gas was up to $3.07. That number is up seven cents overnight, 21 cents compared to this time last week and 23 cents from this time last month.
Long Island is still trending slightly below both today's statewide ($3.16) and nationwide ($3.25) averages.
Experts say the conflict in the Middle East is driving up the cost of crude oil, which in turn is raising costs for you at the pump.
AAA says there are some ways to save a few pennies.
They recommend shopping around and being strategic about where you fuel up, only using premium gas if your vehicle absolutely needs it and leveraging rewards programs and discounts when available.
It's still unclear how high prices could climb and how long it could take for them to come back down.
"The oil supplies are getting low. So, what does it mean for us? I think it means very likely that we're going to have a higher inflation rate," says Anoop Rai, finance professor at Hofstra University. "Long Island [residents] should brace themselves for an increase in prices."
A local travel agent says it's possible that air travel costs can go up.
"We are going to start to see, potentially, the cost of fuel prices for jet fuel going up, which will obviously raise, plane ticket prices," says Matthew Kondrup, president/owner of the Matty K Travel Group. "If prices go up and you haven't booked yet, you're paying that higher price. So people are concerned and it's driven people to book their trip and lock in a price."