Statewide and gasoline prices continue to increase, but the recent spike in prices may end soon, says AAA Northeast.
Today’s Connecticut average for a gallon of self-serve regular is $3.18, 2 cents higher than this time last week, but 32 cents lower than last year.
On the national level, today’s $3.28 average is 6 cents higher than last week but 2 cents lower than last year.
Cold weather and holiday travel originally pushed prices higher, but demand has since dropped and may continue to dip later this month.
“As we head toward February, pump prices most likely will drop, barring any jolt in the global oil market,” said Fran Mayko, AAA Northeast spokeswoman. “It’s likely, however, the prices we’ve seen heading into the Christmas holiday may have been the lows for the winter.”
Amid ongoing global economic concerns about rising COVID-19 cases in China, crude prices are now hovering around the $74 a barrel mark. If economic concerns persist, crude price could decline and ultimately affect prices at the pump, said Mayko.
Here is AAA’s weekly price survey of Connecticut’s six metro regions:
Greater Bridgeport $3.31 Lower Fairfield County $3.33
New Haven/Meriden $3.14 Greater Hartford $3.11
New London/Norwich $3.16 Windham/Middlesex $3.22
Statewide Average: $3.18
Today, Georgia and Texas register the lowest prices in the nation at $2.81 and $2.86, respectively. Hawaii and California have the highest gas prices at $5 and $4.43, respectively. Connecticut holds the 29th spot on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.