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Pump Prices From New York to Maine Are Rising on Gasoline Shortage

  • Gasoline prices jumped in Northeast, bucking national trend
  • New York area supplies are at the seasonal lowest in 10 years
Gasoline Futures Advance as Crude Rallies Amid Syria Talks

Photographer: Daniel Acker/Bloomberg

Gasoline shortages rippling across the East Coast are driving up pump prices from New York to Maine, potentially frustrating the Biden administration’s effort to rein in energy costs ahead of the election.

Pump prices in the Northeast jumped overnight, bucking the downward trend seen across the rest of the country. The culprit: Some fuel terminals in the region are running out of fuel as imports slow amid a global energy crisis.