Gas Prices Stuck in 1st Gear; No Movement in 4 Weeks

Posted on August 11, 2020

For the fourth consecutive week, Connecticut average gas prices haven’t budged from the previous week’s levels. Today’s statewide average of $2.20 shows no movement compared to last week’s average.

 

A similar scenario is playing out on the National level with today’s average price of $2.18 the same as it was this time last week.

 

In both cases, however, averages are still significantly lower than this time last year. Connecticut prices today are 64 cents cheaper than this time last year; while nationally, prices are 48 cents lower.

 

Demand, which rose slightly earlier this month, may drop in coming weeks.

 

“Gas prices have high potential to move cheaper this month, especially with many school districts and universities planning for virtual learning,” said Fran Mayko, AAA Northeast spokeswoman. “Such action could limit demand and affect prices at the pump.”

 

However, weather-related events this time of year have the potential to wreak havoc at the pump, Mayko said.

 

“While Hurricane Isaias didn’t disrupt gas prices, the 2020 hurricane season is far from over,” she added. “The government predicts at least 19 additional storms through the end of November, which could make this season one of the busiest.” So far, this season has already produced a record-setting nine named storms.

 

Here is AAA’s weekly price survey of Connecticut’s six metro regions:

Greater Bridgeport                          $2.26       Lower Fairfield County:            $2.26

New Haven/Meriden                    $2.17        Greater Hartford                        $2.16

New London/Norwich                  $2.21        Windham/Middlesex                $2.23

                                  Statewide Average:  $2.20

 

Today, Mississippi and Louisiana continue to register the lowest average per-gallon prices in the nation at $1.82 and $1.84, respectively, while Hawaii and California continue to hold the highest prices in the nation with $3.23 and $3.19, respectively. Connecticut also continues to hold the 20th spot on the list of states with the highest gas prices in the nation. Average gas prices may be obtained daily through wsww.gasprices.aaa.com.

 

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