{"id":160881,"date":"2026-03-11T23:02:09","date_gmt":"2026-03-11T23:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/160881\/"},"modified":"2026-03-11T23:02:09","modified_gmt":"2026-03-11T23:02:09","slug":"war-in-iran-leaves-nyc-area-oil-companies-dealing-with-nervous-customers-heres-how-both-are-coping","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/160881\/","title":{"rendered":"War in Iran leaves NYC-area oil companies dealing with nervous customers. Here’s how both are coping."},"content":{"rendered":"

The war in Iran<\/a> means sticker shock for consumers who buy oil for heat and hot water.<\/p>\n

The average cost of heating oil in New York is 11% higher than a year ago.<\/p>\n

How local oil companies and consumers are coping<\/p>\n

The violence of the war is distant — on the other side of the globe — but the volatile impact is felt here on the home front\u00a0as prices continue to bounce up and down<\/a>.<\/p>\n

“The price last week was almost close to $6 a gallon in some cases, back down to around $4.83 right now,” said Jay Daniels, of Pinstripe Fuel Oil.<\/p>\n

Daniels told CBS News New York he’s working with customers, including one who locked in a price on Monday as costs were rising.<\/p>\n

“She called us back today said, ‘Listen, I know the price dropped 60 cents since Monday. Can you help us out?’ I said, ‘Absolutely, we’ll give you the price from today since we didn’t make the delivery yet,'” Daniels said.<\/p>\n

Delivering oil on City Island, Pinstripe Fuel Oil employee Terrell Doctry said the war has homeowners and tenants nervous.<\/p>\n

“They’re a little, you know, shaky,” Doctry said.<\/p>\n

Janie Ferris said she ordered the minimum, 100 gallons, even though her tank can hold more.<\/p>\n

“Just a partial for right now. If I need again, I can get it in the summer after the war,” Ferris said.<\/p>\n

IEA to release 400 million barrels<\/p>\n

The International Energy Agency, or IEA, a Paris-based organization that provides policy recommendations, analysis and data on global energy, has agreed to release a record 400 million barrels from its stockpile to help with supplies. This as few tankers and other ships are venturing into the Strait of Hormuz<\/a>, a maritime chokepoint under threat from Iran.<\/p>\n

The announcement came Wednesday, the same day Iran reportedly attacked a cargo ship.<\/p>\n

That’s another reason why companies like Pinstripe Fuel Oil are warning customers that prices can spike at any time.<\/p>\n

In:<\/p>\n","protected":false},"excerpt":{"rendered":"The war in Iran means sticker shock for consumers who buy oil for heat and hot water. The…\n","protected":false},"author":2,"featured_media":160882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[183,14670,9,24,55,54,56,41575,129],"class_list":["post-160881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-city-island","tag-iran","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-oil-and-gas","tag-the-bronx"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/160881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=160881"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/160881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/160882"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=160881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=160881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=160881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}