Lamont says "strong consensus" for gas tax holiday
As gas prices surge to record highs, drivers in Connecticut could see some relief soon.
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As gas prices surge to record highs, drivers in Connecticut could see some relief soon.
The average price for a gallon of regular is more than $4.40 in New York.
Long Island's Republican state senators and local representatives will hold a press conference Friday morning.
Economists hope pandemic price hikes driven by high demand and supple chain problems will ease soon.
Long Island sets all-time high Tuesday with average per-gallon price of $4.35, while New York City was at $4.36.
The administration had been reluctant to take this step out of concern for soaring gas prices, but has been under increasing political and public pressure to enact the ban.
Some consumers said gas prices are hitting especially hard because they just restarted commuting to work. CBS2's Meg Baker reports.
The crisis in Ukraine is among the factors causing gas prices to soar here at home.
Many Americans feel the economic squeeze is likely to grow tighter, thanks to the war in Eastern Europe. CBS2's Tony Aiello spoke with some experts for a look at what to expect.
Experts say the increase is spiked by worries over instability in Eastern Europe.
Sen. Chuck Schumer called on President Joe Biden to tap into the nation's Strategic Petroleum Reserve to provide temporary relief at the pump, especially ahead of holiday travel.
After pandemic lows, we're now seeing some of the highest gas prices in years.
Right now, there is no plan to ration gas in New Jersey. The governor says he is in touch with the federal government on the Colonial Pipeline shutdown.
Days after the attack, which impacted a pipelines that supplies about 45% of fuel consumed on the East Coast, President Joe Biden spoke about federal efforts to take down "ransomware criminals."
Investigators now believe they know who was behind it and President Joe Biden's administration is speaking out about the threat.
Overall, prices are 40-50 cents higher than this time last year.
Analysts say rising crude prices, tightening gas supplies and increased demand continue to drive prices at the pump higher.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.18, a penny less than the week before.
Gas prices continue to drop in New Jersey and around the nation amid the coronavirus outbreak despite what would usually be a peak time for gas prices just ahead of the summer driving season.
New Jersey drivers may soon be paying more at the pump.
Though nearly 42 million people across the country are expected to travel this holiday weekend, many drivers who spoke with CBS2 said they're opting to stay local.
Drivers have been taking a hit to their wallets thanks to pumped up gas prices.
While Hurricane Irma churns toward Florida with potentially devastating results, Harvey's lasting effects are still hitting New Yorkers in the wallet.
State Attorney General Eric Schniederman asks drivers to notify his office if they suspect problems at the pump.
The average price for a gallon of regular gas is about $2.36, which is 7 cents higher than last week, according to AAA Mid-Atlantic.
