Higher Crude, Demand Drives Jumps at the Pumps, Says AAA

Posted on March 15, 2021

Beware of the Ides of March for the day portends a jump at the pump!

 

Today’s average gas price for a gallon of self-serve, regular in Connecticut today is $2.88, 8 cents higher than this time last week; and 45 cents higher than this time last year.

 

On the national level, the average price is $2.86, 9 cents higher than last week and 59 cents higher than last year.

 

“Higher crude oil prices, tighter supplies, and higher demand continue to drive jumps at the pumps,” said Fran Mayko, AAA Northeast spokeswoman. “On average, Americans are paying 14% more to fill-up in this month compared to February.”

 

There is good news on the horizon, however, said Mayko. “The price of crude, which accounts for more than half the price of gas at the pump, is showing signs of stability,” she added. “If crude prices continue to fluctuate between $64 and $66, it’s likely price jumps won’t be as substantial in April.”

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

Greater Bridgeport                $2.94           Lower Fairfield County    $2.95

New Haven/Meriden           $2.85            Greater Hartford              $2.86

New London/Norwich         $2.92            Windham/Middlesex      $2.89

                            Statewide Average:  $2.88

 

Today, Mississippi and Louisiana register the lowest prices in the nation at $2.56 and $2.58, respectively. California and Hawaii continue to hold the highest prices in the nation at $3.85 and $3.55, respectively. Connecticut holds the 15th place on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.

 

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