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Gas Prices Heading Back Up

After months of decline gasoline is becoming more expensive.

 

As if Connecticut didn't get enough bad news recently with word that we have the highest gas prices in the continental U.S., now comes a report that the downward trend of gas prices is coming to an end.

Gas prices nationally have gone back up by nearly a dime in the last two weeks, according to a CNN report. In Connecticut, that trend is apparent as well, with gas prices rising from an average of $3.64 for a gallon of regular a month ago to the current average of $3.81 for a gallon of regular, data from the AAA's fuel gauge report shows.

For the New Haven area, a gallon of regular gas averages $3.79, a full 20 cents more than the price we paid a month ago. Still, we are in far better shape than we were a yeat ago, when AAA reported we were paying $4.04 for a gallon of regular.

New Haven area Regular Mid Premium Diesel Current $3.792 $3.936 $4.057 $4.074 Yesterday $3.794 $3.952 $4.066 $4.086 Week ago $3.789 $3.947 $4.065 $4.075 Month ago $3.599 $3.769 $3.901 $3.980 Year ago $4.040 $4.184 $4.294 $4.238

Despite months of stability at the pump, the price of crude oil -- which drives the retail cost of gasoline -- shot up about $3 a barrel in the past two weeks, closing Friday at more than $90 barrel, the CNN report says.

In Connecticut, the Bridgeport metropolitan area currently has the highest gas prices, with a gallon of regular selling for about $3.92 on average, AAA reports. The New Haven-Meriden area is just behind it, with a gallon of regular selling for $3.79 on average. In the New London and Hartford areas gas is selling for an average of $3.78 for a gallon of regular right now.

thomas July 31, 2012 at 02:18 PM
i was hoping people get out of dodge the labor day weekend, summers have been crowded here in the past two years with the gas hike.

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