Schumer: Saudi oil pledge could lower prices at the pump

The average price of gasoline is at more than $4.00 per gallon on Long Island, but officials say that prices may have finally hit their

WOODBURY - The average price of gasoline is at more than $4.00 per gallon on Long Island, but officials say that prices may have finally hit their peak. Saudi Arabia pledged yesterday to make up for any shortfall if Iran cuts off the flow oil. Sen. Charles Schumer (D-N.Y.) says the announcement could soon mean lower gas prices.

advertisement | advertise on News 12

Top 5 Must See

The Freedom Chapel and the Teen Challenge Outreach 1 Kids in need get toys, joy at Amityville event
A new report from an environmental research group 2 Report: Rising sea levels could threaten thousands of LI homes
Police are searching for a 15-year-old boy missing 3 Search underway for missing New Cassel teen
Authorities say swastikas were found Friday night at 4 Swastikas found at Nassau Community College for 5th time since October
Police say an Uber driver was attacked after 5 Uber driver attacked in Bethpage over Thanksgiving weekend

advertisement | advertise on News 12

Features

Need help this holiday season? We've got you Holiday Help Series

Need a gift idea? Perhaps you need a fun idea to do with the kids?

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE