Connecticut Gas Jumps by Double-Digits Again

Posted on May 2, 2022

Connecticut’s gas price average rose 13 cents last week to $4.13, the second-straight week of with a double-digit increase. The price is 4 cents higher than last month and $1.18 higher than last year.

 

The national average also rose to an average price of $4.19 for a gallon of self-serve regular. That price is 7 cents higher than last week, 1 cent lower than last month and $1.29 higher than last year.

 

“As long as the supply remains tight, it will be hard for crude oil prices to fall and consumers will in turn face higher prices at the pump,” said Alec Slatky, Director of Public and Government Affairs for AAA Northeast. “It now costs drivers in the U.S. about $23 more to fill up than a year ago.”

 

Three things to watch for in the oil market this week:

  • OPEC+ meets on Thursday, and is expected to stick to its previously-announced plans to boost production by about 430,000 barrels/day
  • Diesel fuel has risen to all-time highs, both nationally ($5.32) and in Connecticut ($5.93)
  • According to the Energy Information Administration, domestical gasoline stocks decreased by 1.6 million barrels to 230.8 million barrels last week

 

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

Greater Bridgeport                $4.20           Lower Fairfield County    $4.19

New Haven/Meriden           $4.10            Greater Hartford              $4.10

New London/Norwich         $4.13            Windham/Middlesex      $4.14

                            Statewide Average:  $4.13

 

Today, Georgia and Missouri register the lowest prices in the nation at $3.72 and $3.77, respectively. California and Hawaii have the highest gas prices in the nation at $5.74 and $5.25, respectively. Connecticut rose to 25th 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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