Gas Prices Spike In Tri-State Area, Experts Say, Due To Unrest In Egypt

CBS New York

[worldnow id=9093991 width=420 height=266 type=video]

NEW YORK (CBSNewYork) — If it seems like you’re shelling out more for gas in the past few days that’s because you are.

Gas prices have gone up more than a dime this month, CBS 2’s Dick Brennan reported Monday.

“The gas prices are ridiculous. It’s really killing the cab drivers in this city,” driver Jack Dovey said.

Dovey drives a cab for a living, but he said right now he’s taking a beating.

“Personally, it’s taking money out of my pocket, taking money to feed my kids,” Dovey said.

Gas prices in New York City have surged to $3.93 a gallon. That’s up 12 cents in one week.

So what’s driving the spike? Experts say unrest half a world away: in Egypt.

“Egypt is not an oil-producing nation, but the Suez Canal runs through it,” AAA’s Robert Sinclair said. “We are seeing in effect…

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