Everything’s humming on the refinery front! As production facilities crank out gasoline loads, national inventories are on the rise. Couple this with a drop in demand and lower crude prices, and drivers today are seeing a penny decrease in at the pump.
Today’s national average for a gallon of self-serve, regular is $2.86, a penny lower than last week but 99 cents higher than last year.
A similar scenario is playing out in Connecticut where today’s average price of $2.88 is also a penny lower than last week, but 85 cents higher than last year.
“After a wild March, Americans are seeing stable pump prices,” said Fran Mayko, AAA Northeast spokeswoman. “Forty state averages have either dropped or rose by only a penny; and in some cases, there’s been no change at all.”
Crude oil has dropped below $60 a barrel for five straight days. As a result, drivers can expect to see limited price fluctuations at the pump, Mayko added.
Here is AAA’s weekly price survey of Connecticut’s six metro regions:
Greater Bridgeport $2.94 Lower Fairfield County $2.94
New Haven/Meriden $2.87 Greater Hartford $2.84
New London/Norwich $2.93 Windham/Middlesex $2.88
Statewide Average: $2.88
Today, Texas, Mississippi, and South Carolina all register the lowest prices in the nation at $2.58, followed Louisiana at $2.61. California and Hawaii continue to hold the highest prices in the nation speat $3.94 and $3.72, respectively. Connecticut holds the 17th place on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.