Gas hits $5 a gallon in New York City

With the summer travel season fast approaching, gas prices are on the rise but some people are getting sticker shock in Manhattan.

Regular gas has hit $5 a gallon at at least one station.  A Mobil station on 11th Ave. in Hell's Kitchen has raised its prices to $4.999 a gallon.  That's well above the current average for the five boroughs.  AAA says the average in New York City is $3.18 a gallon.

Across the river in New Jersey, the statewide average is $3.  The price gap has shrunk between New York and New Jersey after a huge gas tax increase was enacted in the Garden State during the Christie administration.

AAA says the national average for regular gas is $2.93.  That's up 12-cents in the past two weeks.

BusinessNews