Gas Tax, Higher Demand Drives Pump Prices Higher, Says AAA

Posted on March 6, 2023

Connecticut drivers saw another nickel increase in fuel taxes this week as the state continues its incremental tax phase-in at the pump. The nickel increase began January 1 and continues for the next few months until it reaches the full 25-cent a gallon tax.

 

Today’s Connecticut average price for a gallon of self-serve regular is $3.27, 3 cents higher than last week, and 95 cents lower than last year.

 

On the national level, today’s $3.41 average is 4 cents higher than last week and 60 cents lower than last year.

 

The statewide tax increase, however, isn’t the only reason why pump prices are higher this week, says Fran Mayko, AAA Northeast spokeswoman.

 

“The seasonal switch to summer blend gasoline is underway, which may account for the bounce in pump prices,” said Mayko. “The blend is designed to lower emissions during the summer and is more expensive to refine. Usually, the switchover adds between 5 and 10 cents to the price at the pump.”

 

In addition, demand has increased amid tighter supply, which in turn is contributing to rising pump prices. “If demand continues to grow, drivers will most likely see pump prices increase,” she added.

 

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

Greater Bridgeport                          $3.32            Lower Fairfield County    $3.27

New Haven/Meriden                    $3.26            Greater Hartford              $3.24

New London/Norwich                  $3.26            Windham/Middlesex      $3.32

                                    Statewide Average:  $3.27

 

Today, Mississippi registers the lowest prices in the nation at $2.95, followed by Texas at $2.97. California and Hawaii hold the highest prices in the nation at $4.90 and $4.83, respectively. Connecticut holds the 24th spot on the list of highest gas prices in the nation. Average gas prices may be obtained daily through www.gasprices.aaa.com.

 

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