Demand for gasoline in the U.S. fell to 8.23 million barrels a day last week – a drop of 338,000 barrels a day from the prior week.
Crude oil prices fell last week by about 3%, but early signs of spring are popping up in petroleum markets, according to AAA Northeast.
The current national average is unchanged from last week, averaging $3.12 per gallon.
Here in Connecticut, a gallon of self-service regular is averaging $3.02, one cent lower than a month ago.
In Ridgefield, the best price for a gallon of regular fuel is $3.29 at the Stateline Exxon at 242 South Salem Road.
In Ridgefield, the best price for a gallon of regular fuel is $3.15 at the Stateline Exxon at 242 South Salem Road.
In Ridgefield, the best price for a gallon of regular fuel is $3.19 at the Stateline Exxon at 242 South Salem Road.
The average price of gasoline in the Northeast is creeping closer to $3, but weather and geopolitical conflicts could change all that.
As demand fell sharply, domestic production of gasoline remained strong with refiners cranking out 9.9 million barrels a day last week.
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In Connecticut, a gallon of self-service regular is averaging $3.48, down three cents from a week ago and down twelve cents from a month ago
In Connecticut, a gallon of self-service regular is averaging $3.55, down three cents from a week ago and down one cent from a month ago.
Strong production and the limited impact of Hurricane Beryl on the industry have eased pressure on gas prices, according to AAA Northeast.
Increasing worries about an active hurricane season and tightening inventories are causing jitters at the pump, according to AAA.
Northeast gasoline inventories went up by 1.7 million barrels last week, and that's resulting in continued relief at the pumps in Ridgefield
In Connecticut, a gallon of self-service regular is averaging $3.62, down 4 cents from last week and 13 cents from one month ago
In Connecticut, a gallon of self-service regular is averaging $3.68, down 4 cents from last week and unchanged from one month ago
In Connecticut, a gallon of self-service regular is averaging $3.70, up 20 cents from last week and 28 cents from one month ago.
Before you fill up the tank, take a look at the lowest gas prices in and around Ridgefield.