Gasoline prices on Long Island and in the metropolitan area climbed 46.8% last month overall compared with a year ago, the third double-digit increase since March and the highest so far.
Skyrocketing pump prices led to higher inflation overall in both the New York area and nationwide in May with the consumer price index rising at its quickest pace in three years. The index was released on Wednesday by the federal Bureau of Labor Statistics.
The ongoing war in Iran, which has disrupted oil production and transportation for more than 100 days, is behind the high cost of gasoline, experts said. The conflict began on Feb. 28 with the United States and Israel bombing Iran’s capital Tehran and other cities.
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