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Gas prices in the Syracuse area rose once again over the past week. Analysts say renewed fighting in Iran and Ukraine strikes on Russian oil targets pushed the market higher.
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The Strait of Hormuz' standoff half way around the world has pushed CNY gas prices to $4.25 a gallonAnalysts blame botched Israel and U.S. peace policies for the spike.
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A new Trump administration blockade in the Strait of Hormuz threatens to send fuel prices up once again.
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Gas prices took a dip once again this past week as ongoing talks with Iran help ease oil costs as Independence Day travel looms.
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Central New York drivers are facing average gas prices above $4.55 a gallon, prompting concerns from local leaders and business owners about rising transportation, grocery and housing costs.
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Syracuse food delivery drivers say rising gas prices are making their job nearly impossible to sustain, as fuel costs eat into earnings that were already razor thin.
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Gasoline prices in the Syracuse area jumped another $0.16 in the week ending May 11. Gas Buddy analysts say the uncertainty over war in Iran and ceasefire volatility continue to drive up prices.
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The ongoing war and general unrest in the Middle East are pushing prices dramatically higher.
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The local average went down four cents, and now sits at $4.14 per gallon.
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Analysts from GolfBuddy find gas prices in the Syracuse area spiked more than 20 cents int eh past week. Their review of 190 stations found the average at $3.72-a-gallon, about 78 cents higher than a month ago.