photo: getty images
New York's Metropolitan Transportation Authority (MTA), the largest public transportation operator in the US, expects to incur an additional $95.6 million in fuel costs in 2026 as energy prices rise amid the US-Israeli war against Iran.
The MTA purchases more than 5 million gallons of fuel every month to support nearly 6,000 buses, as well as subway operations and commuter rail services, Bloomberg reports.
Additional costs for diesel fuel and liquefied natural gas could have reached $146 million. However, the measures to protect against price fluctuations helped reduce the projected increase by nearly $51 million.
Rising energy prices are also affecting motorists across the US.
According to the American Automobile Association (AAA), the national average price of gasoline reached $4.28 per gallon as of October 27, up from $2.98 shortly before the conflict began.
Diesel prices climbed to $6.35 per gallon, an increase of $2.69 compared with the same period a year earlier.
The higher fuel costs are putting additional pressure on public transportation budgets, including the MTA, which relies on large volumes of fuel to keep New York's bus and commuter transport networks running.
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