Long Island gasoline prices top $4 a gallon

The average price for regular-grade gasoline has topped The average price for regular-grade gasoline has topped $4 a gallon on Long Island. Photo Credit: AP

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Gasoline prices have tipped over $4 a gallon on Long Island for the first time in almost a year.

They crossed the $4 mark last weekend, with regular averaging $4.032 a gallon Wednesday morning. Prices are rising as high summertime demand combines with rising crude oil prices from the sectarian fighting in Iraq.

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The AAA said the average for regular in Nassau and Suffolk rose from Friday to Saturday morning from $3.999 to $4.010 a gallon. The price hasn't been that high since July 27, 2013.

Wednesday's average represented increases of 10.2 cents from a month earlier, almost 24 cents from a year earlier and 43 cents from the recent low of $3.60 on Feb. 3.

Some analysts are predicting further increases at the pumps if crude oil exports are disrupted from Iraq, the second largest producer in the Organization of Petroleum Exporting Countries.

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