Today’s Gas Prices Creating Pain at Pump; In Pocketbook

Posted on October 18, 2021

We’re feeling gas pains at the pump and in our pocketbooks as national and statewide gas price averages hit the highest levels in seven years, says AAA Northeast.

 

In Connecticut, the average price for a gallon of self-serve regular is $3.32, 10 cents higher than last week and 14 cents higher than last year. Nationally, the average price is $3.28, 8 cents higher than last week and 9 cents higher than last year.

 

Surging crude oil prices and OPEC’S recent decision to stay the course — not to increase worldwide oil production is intensifying our ‘pain’ and pushing crude prices higher.

 

“The key driver for high pump prices is the price of crude, which typically accounts between 50% and 60% of the price at the pump,” said Fran Mayko, AAA Northeast spokeswoman. “Plus, OPEC’s recent decision hasn’t helped because it’s tightening worldwide supply.” Crude oil prices have eclipsed $80 a barrel.

 

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

Greater Bridgeport            $3.39           Lower Fairfield County        $3.37

New Haven/Meriden       $3.29           Greater Hartford                    $3.29

New London/Norwich    $3.34           Windham/Middlesex            $3.31

                            Statewide Average:  $3.32

 

Today, Texas and Mississippi both register the lowest prices in the nation at $2.92, followed by Oklahoma and Arkansas, both at $2.93. California and Hawaii continue to hold the highest prices in the nation at $4.44 and $4.13, respectively. Connecticut is in the 17th spot on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.

 

Connecticut
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