Price Of Gas Could Rise Due To U.S.-Iran Tensions
At the American gas station on Van Dam Street in Long Island City, Queens, gas prices are relatively reasonable by New York standards. A gallon or regular is going $3.55, and premium for 3.81, but that could all change very soon.

Tension between the United States and Iran is causing the price of crude to go up, and a station employee say he expects pump prices to quickly follow.

Iran, angered over additional sanctions being considered by the U.S. and its European allies is threatening to choke off the flow of oil from the Persian Gulf. Tehran launched 10 days of Naval exercises to flex its military muscle.

The U.S. is considering the sanctions as a way to pressure Iran to stop any nuclear weapons program it may have. But Iran is refusing to back down and says economic sanctions being readied by the United States would result in the blocking of oil shipments through the Strait of Hormuz.

The move would be aimed at slowing the fragile U.S. economy during a Presidential election year. About one-fifth of the world's oil supply could be affected.

"We don't need higher gas prices. Everything costs too much already" one driver told PIX11 News. "We're already living check to check."

The State Department says it sees "an element of bluster" in the threat but added the U.S. would support the free flow of oil.

"It's another attempt to distract attention away from the real issue...their continued non-compliamce with their international nuclear obligations," spokesman Mark Toner said.

The price of crude has already moved to above $100 per barrel.