Release #-102-00

MAYOR GIULIANI ANNOUNCES FINDINGS OF GAS PRICE SURVEY

Survey Cites a 43% Jump in Prices Since March 1999

Mayor Rudolph W. Giuliani, joined by Consumer Affairs Commissioner Jane S. Hoffman, announced today that the average price for a gallon of self-serve regular in New York City is now $1.65, while premium costs on average $1.79. According to the survey, conducted by the New York City Department of Consumer Affairs (DCA), these prices reflect 6% and 7% increases since February 28, 2000, the date of the last survey, and a 43% jump from a year ago at this time.

"New York gasoline prices have skyrocketed, driving up the cost not just of gas, but of all kinds of consumer goods and services," Mayor Giuliani said. "Dollars are systematically being siphoned out of the pockets of gasoline consumers and lining the pockets of the OPEC monopoly. And this survey shows that families in the New York region are suffering disproportionately-paying 7.1% more for a gallon of regular gasoline and 5.9% more for a gallon of premium gasoline than the national average. Across the nation, prices are up 17.6% since February, and up 58.8% since this time last year."

Commissioner Hoffman said, "Consumers are tired of being gouged at the gas pump. Our survey has found gasoline prices have been rising steadily over the past several months. As summer driving season approaches, we recommend that motorists shop around for the lowest priced gas."

Average Citywide Gasoline Prices

Commissioner Hoffman offered the following tips to New York City motorists trying to save money while gasoline prices continue to escalate:

The Department of Consumer Affairs conducts a monthly survey of gasoline prices in all five boroughs. Prices are monitored at over 80 stations throughout the City. While this latest survey revealed that prices have increased steadily since June of 1999, the main objective is to inform motorists of the least expensive places to buy gasoline. The latest survey was conducted on March 16.

www.ci.nyc.ny.us