Like falling leaves, gas prices continue to tumble in Connecticut and the nation, but will drivers soon be turning over a new leaf, says AAA Northeast.
Today, the average price for a gallon of self-serve, regular in Connecticut is $3.46, down 13 cents from last week and down 60 cents from last month.
On the national level, today’s $3.68 average is down 4 cents from last week and down 24 cents from last month.
Volatile crude prices, lower demand and higher supplies all continue to fuel price drops at the pump, said Fran Mayko, AAA Northeast spokeswoman. “But on the national level, we’re seeing the smallest decline this week in months even though prices have dropped nearly 100 consecutive days.”
The national average has fallen $1.34 since its mid-June peak, added Mayko. “But smaller declines in recent weeks may very well signal the end of falling gas prices.”
Most of the US – except for California – have switched to the less expensive winter blend gasoline, which has contributed to modest pump prices. But other factors such as the ongoing Ukrainian/Russian war, COVID lockdowns in China, fears of an economic recession, and hurricane season continue to push and pull at global oil prices. “All this uncertainly could eventually push crude prices higher, said Mayko.
Here is AAA’s weekly price survey of Connecticut’s six metro regions:
Greater Bridgeport $3.62 Lower Fairfield County $3.61
New Haven/Meriden $3.46 Greater Hartford $3.36
New London/Norwich $3.45 Windham/Middlesex $3.46
Statewide Average: $3.46
Today, Mississippi registers the lowest price in the nation at $3.10, followed by Louisiana at $3.14. California and Hawaii hold the highest prices in the nation at $5.45 and $5.27, respectively. Connecticut is now at the 32nd spot on the list of highest gas prices in the nation. Visit www.gasprices.aaa.com for daily average gas prices.