Gas Prices On The Rise In Bedford | Bedford Corners Real Estate

As temperatures continue to rise, so too do gas prices in Bedford and Mount Kisco, with prices at the pump jumping nearly 20 cents nationally in the last week.

New York gas prices are among the highest in the nation, with motorists paying an average of $3.90 per regular gallon, compared to the national average of $3.70. The only states in the continental United States paying more on gas are California ($4.04) and Connecticut ($4.00).
Since July 11, the average price of gas has risen 18 cents nationally. Prices are up 28 cents nationally from where they sat a year ago.

Robert Sinclair, the media relations manager for AAA New York, said that a conflict overseas is one of the key factors in the sudden and unexpected spike in gas prices.

“First and foremost, it’s the Egyptian situation that had led to the price of crude oil ramping up, really without justification,” he said. “This is just further evidence of a ‘fear tax,’ the worry that the Egypt problem could spread and oil production in the Middle East might be interrupted.”

The price of crude oil has risen above $100 per barrel for the first time since March 2012, Sinclair said. As recently as 2000, that price stood at just $28 per barrel, which has been a factor in the ever-rising cost of fuel.

“It’s a volatile market. Unforeseen events, in addition to the price of crude oil spiking, makes things even more volatile,” he said. “We’re seeing swings as wide as 50 or 60 cents per gallon in a given year, these are things that didn’t happen before.”

According to NewYorkGasPrices.com, the cheapest gas in Bedford can be found at the Gulf at 193 Pound Ridge Road. In Mount Kisco, the Shell at 513 Main St. is selling regular fuel for $4.29.

There may be no relief in sight for drivers, as there are still several months until refineries switch from the eco-friendly summer blend of fuel to the cheaper winter blend in September or October.

Tim James, a White Plains resident filling up for $3.99 per gallon at the Shell station on Post Road in Scarsdale, said that he wouldn’t curb the use of his car locally, but would think twice before going on a long road trip.

 

Gas Prices On The Rise In Bedford | The Bedford Daily Voice.