Price of gas on the rise as tension mounts abroad

BROOKLYN - The average price of gas is on the rise in New York, reaching an average of $3.47 per gallon as tensions continue to mount overseas.

According to the Lundberg Survey, gas has gone up five cents within the last two weeks. Crude oil also jumped more than $5, hitting its highest price since Sept. 2008.

Some experts say recent hikes are only the beginning as uprisings in Libya continue and oil companies shut down production in the troubled nation. However, some taxi drivers say Libya is only an excuse to drive up costs.

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