$4 Gas Hits Long Island as Iran War Disrupts Oil Production and Transportation

Long Island gasoline prices have surpassed $4 per gallon for the second consecutive day due to disruptions in oil production and transportation caused by the war with Iran. The average price of regular unleaded on Long Island is now at $4.03 per gallon, a significant increase from Sunday's price of $4.025. This surge in gas prices marks a 94-cent difference compared to last year's average price of $3.09.

The closure of the Strait of Hormuz, which carries about 20% of the world's oil, has contributed to the rising costs. The U.S. Energy Information Administration reports that this disruption is affecting global refining capacity. Patrick De Haan, head of petroleum analysis for GasBuddy, warns that another spike in gas prices is likely due to the ongoing U.S.-Iran situation and Ukraine's attack on Russian oil refineries.

Brent crude, the international standard, has jumped 1.3% to $89.22 a barrel, its highest level in over five weeks. Motorists on Long Island are expressing frustration and resignation as they fill up at local gas stations. Some experts suggest that consumers can mitigate the impact by driving more efficiently, filling up at shopping clubs like Costco or BJ's Wholesale Club, and maintaining their vehicles.