SYRACUSE, N.Y. (NCC News)- The price of gas has been on the rise for months, but it has been surging in the recent weeks. The state of New York holds one of the highest average prices in the entire country, averaging $4.47 per gallon, according to AAA.
Even with prices as high as they are, it is not stopping people from filling up their tanks. Jason Davis, a Speedway customer in Syracuse, said that people are not in a position to just stop getting gas.
“It’s crazy, I mean, the gas prices are what, $4.38 a gallon now? But there’s really not much we can do about it. I mean, the world needs gas,” Davis said.
The United States usually imports a percentage of its oil from Russia, but the U.S. and other countries have placed economic sanctions on the Russian government, reducing the oil supply, thus increasing prices and demand.
Davis felt that there is not a certain price that gas would need to reach in order for it to start falling back down to more normal levels.
“That really depends on when we get a bigger supply of oil,” Davis said. “But, so I don’t really think that there’s gonna be a price threshold, I think it’s gonna just be: it is what it is until we get enough oil to lower it again.”
According to AAA, the national average for gas one year ago was below $2.90. Now it is over $4.32 per gallon for regular grade fuel.
While more people may turn to electric or hybrid vehicles in order to cut down on their cost of transportation, Davis said that he will not be, as prices are always fluctuating up and down. It is not ideal right now, but he believes prices will eventually return to previous lows.
“It comes in cycles, so obviously gas is not gonna stay this way,” Davis said. “Obviously at times people are gonna say that, people are gonna say that they’d rather have an electric car when gas prices are looking the way they are right now, but ultimately no, I’m ok with my car.”
This steady rise is not expected to end in the near future, and prices could easily trend upward to $5 per gallon or higher by the start of summer.