Global tensions involving Russia and Ukraine are pushing crude oil prices toward the $90 a barrel mark, which in turn is translating into higher prices at the pump, says AAA Northeast.
Today, the national average price of $3.37 for a gallon of self-serve, regular is about 4 cents higher than last week while in Connecticut, the state’s $3.51 average is only a penny higher.
Industry analysts believe Russa, a member of OPEC+, may withhold crude oil from the global market if Western sanctions are imposed on their actions. If this happens and oil prices continue to climb toward $90 a barrel, pump prices are likely to follow. Crude is currently in the $86 a barrel range.
Here is AAA’s weekly price survey of Connecticut’s six metro regions:
Greater Bridgeport $3.58 Lower Fairfield County $3.56
New Haven/Meriden $3.50 Greater Hartford $3.48
New London/Norwich $3.51 Windham/Middlesex $3.51
Statewide Average: $3.51
Today, Mississippi registers the lowest prices in the nation at 3.01, followed by Arkansas and Texas, both at $3.02. California and Hawaii continue to hold the highest prices in the nation at $4.64 and $4.38, respectively. Connecticut moved down to the 13th spot on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.