Connecticut gas prices are down 55 cents from last year

It’s “double nickels” for Connecticut and the nation.

Average gas prices in Connecticut and on the national level are down 55 cents this week compared this time last year, thanks to a gasoline glut on the market and lower crude oil prices, says AAA Northeast.

On Monday, July 18, a gallon of regular gas in Connecticut averages $2.36, while nationally prices are averaging $2.21.

For Connecticut, those prices are three cents lower than last week; while nationally, the prices are two cents lower than this time last week. In both cases, price averages are at their lowest since mid-May.

Statewide and national prices have been dropping steadily since mid-June after the markets experienced some expected seasonal increases in late spring. The average price of gas peaked in Connecticut at around $2.47 in mid-June while nationally the price peaked at $2.38 around the same time.

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

Greater Bridgeport/Stamford $2.44, New Haven/Meriden $2.34, Greater Hartford $2.34, New London/Norwich $2.35. Statewide average: $2.36.

California and Hawaii at $2.85 and $2.82 continue to lead the pack of states with the highest average prices. South Carolina at $1.88 continues to be the state with the lowest price. Mississippi, Oklahoma, Tennessee, and Alabama are next with the lowest prices at $1.97.