Business & Tech

Connecticut Gas Prices Falling Toward 12-Month Low

This article was written by Patch Field Editor Jayme Kunze.

Connecticut gas tanks continue to be filled for less! After falling 5.2 cents last week to a new average $3.75 a gallon for regular fuel in the state, prices fell again to $3.71 as of Friday evening, according to GasBuddy.com.

Connecticut isn't the only state enjoying lower prices. The national average also fell 5 cents last week to $3.52 per gallon and another cent to $3.51 as of Friday evening.

"The national average continues to be driven down as oil prices have fallen in recent weeks," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The year on year savings is approaching 40 cents a gallon in some spots- not necessarily hitting the lottery, but every cent counts. As we get closer to Memorial Day there's also the chance of an increase in pricing volatility thanks to refinery maintenance season that will be gradually coming to a close," DeHaan said.

Here are some more statistics from GasBuddy.com:

  • Connecticut average gas prices are currently 44 cents lower than a year ago and have dropped 18 cents compared to last month
  • The 12-month low for regular fuel in Connecticut was $3.60 on July 4 of last year. The all-time high was $4.38, recorded on June 17, 2008.
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