CT, national gas prices continue to accelerate

Just before the upcoming Labor Day weekend — when most folks take their last vacation ‘fling’ of summer — Connecticut and national gas prices continue their uphill climb.

Today, Aug. 29, Connecticut’s average gas price of $2.30 has increased $.04 cents compared to this time last week. Nationally, the average price of a gallon of gas also increased by $.06 cents from today’s $2.22 average from last week’s $2.16.

In both cases, however, average prices are still significantly lower to this time last year. Connecticut’s price is $.32 cents lower and the national average $.27 cents lower compared to this time in 2015.

Connecticut continues to hold the 15th spot on the list of states with the highest gas prices.

Among the factors driving prices higher are  higher crude oil prices; Gulf Coast  refinery issues; the threat of a potential hurricane moving into the Gulf of Mexico  and speculation about OPECs plans to limit production and the US Federal Reserve’s plans to raise interest rates.

AAA’s weekly survey of prices in the Nutmeg State’s four regional areas as follows:

  • Greater Bridgeport/Stamford $2.37
  • New Haven/Meriden $2.28
  • Greater Hartford $2.28
  • New London/Norwich $2.29
  • Statewide average $2.30

Hawaii and California at $2.74 and $2.68, respectively, continue to lead the pack as the states with the highest averages. South Carolina at $1.95 continues to be the state with the lowest price; followed by Alabama at $1.98. A full rundown of gas prices is available at gasprices.aaa.com.

AAA Northeast is a not-for-profit auto club with 62 offices in Rhode Island, Massachusetts, Connecticut and New Jersey providing more than 6 million local AAA members with travel, insurance, finance, and auto-related services.

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