Nat’l Gas Prices Show Little Movement; CT Prices Down a Penny

Posted on October 5, 2020

For the third consecutive week, there’s been very little or no movement of gas prices on the statewide and national levels, says AAA Northeast.

 

Today, Connecticut average prices dropped a penny to $2.18 compared to last week.  Prices are 50 cents lower compared to this time last year.

 

On the National level, the average price for a gallon of self-serve, regular is $2.19, the same as it was last week, and 47 cents lower compared to last year.

 

Steady demand, declining crude oil prices and growing supplies are stabilizing prices throughout the country.

 

“Even though gasoline inventories are increasing, demand has stabilized,”  said Fran Mayko, AAA Northeast spokeswoman.

 

Crude prices also are dropping because of market concerns about the growing number of global virus infections, which is contributing to lower demand, she said.

 

“In fact, we expect gas prices to drop even lower this month since drivers are expected to take fewer road trips this fall,” Mayko added.

 

Thirty-eight states – including Connecticut – have seen a penny fluctuation in their gas prices averages this week.

 

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

Greater Bridgeport                $2.25     Lower Fairfield County:    $2.27

New Haven/Meriden           $2.16     Greater Hartford               $2.14

New London/Norwich         $2.19     Windham/Middlesex       $2.23

                            Statewide Average:  $2.18

 

Today, Mississippi and Texas register the lowest prices in the nation at $1.84 and $1.85, respectively, while Hawaii and California continue to hold the highest prices in the nation at $3.24 and $3.21. respectively. Connecticut moved down to the 22nd spot on the list of states with the highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.

 

Connecticut
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