Drivers across the tri-state area are feeling the pinch at the pump as rising crude oil prices, spurred by escalating tensions in the Middle East, continue to push gas prices higher. The national average for a gallon of regular gasoline has climbed above $3 for the first time since December, and the impact is being felt acutely in Fresh York, New Jersey, and Long Island.
The surge in prices follows recent strikes on Iran, contributing to broader economic uncertainty and anxieties surrounding global oil supply. According to data compiled by AAA, crude oil prices have “climbed sharply” for a second consecutive day, reaching $74.56 a barrel – an increase of more than $3 compared to the previous day. This instability is particularly concerning as approximately 20% of the world’s oil and refined products flow through the strategically vital Strait of Hormuz, a narrow passageway bordered by Iran, AAA reported.
As of Wednesday, March 4, 2026, AAA data shows the following average gas prices in the tri-state area:
| Average price as of 3-4-26 | Change from previous day | Change from previous week | |
| National | $3.19 | Up 9 cents | Up 22 cents |
| New York City | $3.14 | Up 9 cents | Up 16 cents |
| Long Island | $3.00 | Up 10 cents | Up 14 cents |
| New Jersey | $3.08 | Up 10 cents | Up 16 cents |
The national average has risen 20 cents per gallon between Monday and Wednesday, marking the highest price since October 2025. The situation is compounded by the seasonal transition to summer-blend fuel, which typically adds to costs at the pump. Marie Dodds, public affairs director for AAA Oregon/Idaho, noted that Oregon and Washington, while previously impacted by an Olympic Pipeline outage, are now seeing comparatively smaller week-over-week increases, according to AAA.
Impact on Oil Supply and Shipping
The conflict in the Middle East is not only driving up crude oil prices but also disrupting global shipping routes. AAA reports that, as of Monday, there have been no oil shipments through the Strait of Hormuz, raising concerns about potential supply shortages. This disruption is further exacerbated by reported attacks on oil and gas infrastructure, including facilities in Saudi Arabia, adding to anxieties about production capacity. The situation mirrors the price spikes seen in early March 2022 following Russia’s invasion of Ukraine, when the national average jumped 11 cents overnight, from $4.06 to $4.17, AAA data shows.
What Experts Say About Potential Price Increases
Experts warn that the situation could worsen. AAA estimates that escalating military action involving Iran could drive a 15% to 20% increase in gas prices. Every $1 increase in the price of crude oil typically translates to a 2.4- to 2.5-cent increase in the price of gasoline, meaning further price hikes are likely if crude oil continues to climb. Mark Jenkins with AAA emphasized that oil markets are currently “headline-driven,” and the duration of the conflict, potential for further strikes, and any impact on the Strait of Hormuz will all influence prices, as reported by CBS News.
Tips for Saving on Gasoline
While consumers brace for potentially higher prices, AAA offers several tips to mitigate the impact on their wallets:
- Shop around for the best prices, avoiding filling up at expensive stations like those near highways or rest stops.
- Slow down; reducing speed above 50 mph can improve fuel economy.
- Employ the recommended fuel grade for your vehicle; premium fuel offers no benefit unless specifically required by the manufacturer.
- Take advantage of discounts offered through gas station apps and rewards programs.
The situation remains fluid, and the extent of the impact on gas prices will depend on the evolving geopolitical landscape. AAA will continue to monitor the situation and provide updates as they turn into available. Drivers can find the latest gas price information and resources on the AAA website.
Looking ahead, the market will be closely watching for any further developments in the conflict and their potential impact on oil production and shipping. The next major update from AAA regarding gas price trends is expected on Monday, March 11, 2026.
Have thoughts on how rising gas prices are affecting you? Share your experiences and tips in the comments below.
