NEW YORK CITY (FOX5NY) – With the summer travel season fast approaching, gas prices are on the rise but some people are getting sticker shock in Manhattan.
Regular gas has hit $5 a gallon at at least one station. A Mobil station on 11th Ave. in Hell’s Kitchen has raised its prices to $4.999 a gallon. That’s well above the current average for the five boroughs. AAA says the average in New York City is $3.18 a gallon.
Across the river in New Jersey, the statewide average is $3. The price gap has shrunk between New York and New Jersey after a huge gas tax increase was enacted in the Garden State during the Christie administration.
AAA says the national average for regular gas is $2.93. That’s up 12-cents in the past two weeks.
http://www.fox5ny.com/news/gas-hits-5-a-gallon-in-new-york-city
“….A Mobil station on 11th Ave. in Hell’s Kitchen has raised its prices to $4.999 a gallon…..”
There aren’t many gas stations in Manhattan because the real estate is too expensive (they’d make more money by renting parking space), so they’ll get their $4.999 and people will be happy that they found a place to gas up at all.
The point is, that Manhattan gas prices are no reflection of market forces because they have more to do with the supply and demand of real estate than gas.
gas hits 5 dollars a gal eh, well up here in the interior of B.C. Canada (that is the whole north end of North America for you yanks) gas has hit nearly l.50 a litre. oh dear, what does that mean in real money say the Yankees. that is 1.50 a litre times five litres, well you do the math. That gives us the Imp gal which is 28 onces mor than your gal.
We by the way are asking just as you are, what the hell is going on. Some son of a biscuit is getting much richer off of us. How far down the line are we going to accept this shit. EH