Updated 02/25/2013 01:14 PM
City Drivers Want Brakes Applied To Gas Pump Prices
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It’s been a brutal February at the pump, but there’s a chance the steady rise of gas prices might slow a bit.
The head of the Lundberg Survey points out the cost of crude oil is down, and refiners are starting to cut their wholesale prices.
According to AAA, here in the city, it costs an average of $4.10 for a gallon of regular.
That's 24 cents higher than it was a month ago.
Nationwide, the current average is $3.78, a jump of 45 cents a gallon since the end of January.
New York State currently has the highest gas taxes in the country at about 70 cents.
The price of oil has also been rising, partly because other countries like China are buying more.
AAA also blames continuing distribution problems in the wake of Hurricane Sandy and the fact that refineries have started switching to summer blends of gas which are more expensive to refine.
"It just makes me annoyed makes me spend more money and have less paycheck at the end of the week," said one city driver.
"It is expensive but what are you going to do. I guess drive a car that is cheap on gas and you won't notice it as much," said another city driver.
Cab drivers in the city note they can't just stop driving, and the increasing cost of doing business makes it even harder to make money.
"It is very rough year, really," said one cab driver.
"End of the day we are supposed to put in $40, end up putting $55. It is hurting our pockets, especially if car is old it consumes more gas," said another cab driver.
The constant price increases surprised some industry analysts, because lower winter demand normally helps keep prices down.
AAA says city drivers should not expect gas prices to drop much anytime soon, and note that a major refinery in New Jersey which produces three million gallons a day is shutting down, meaning the supply will be that much less.