Ridgefield Gas Prices 'Holding Steady' With Crude Oil Prices Falling

RIDGEFIELD, CT — A 12th straight week of rising gasoline inventories and falling oil prices has kept the price for a gallon of regular unleaded gasoline across the Northeast holding steady, according to a report released Monday from AAA Northeast.

In Ridgefield, the best price for a gallon of regular fuel is $3.45 at the Stateline Exxon at 242 South Salem Road. The price is $4.09 at the Shell at 130 Danbury Road. The update was posted Tuesday morning by shopping app GasBuddy.

The price of crude oil, which accounts for more than half the cost to produce gasoline, fell last week by about 3 percent, but early signs of spring are popping up in petroleum markets, AAA Northeast analysts say. The higher costs are beginning to appear in futures markets, with prices for March delivery of gasoline climbing last week by about 2.5 percent.

AAA Northeast's Feb. 10 survey of fuel prices found the average for a gallon of self-service regular in Connecticut is unchanged from last week, averaging $3.08. Monday’s price, at $3.03, is 5 cents higher than a month ago and 14 cents lower than this day last year.

The current national average is up 4 cents from last week ($3.09), averaging $3.13 per gallon. Today’s average is 7 cents higher than a month ago ($3.06) and 5 cents lower than this day last year ($3.18).

On Monday, Mississippi and Texas have the lowest prices in the nation at $2.67 and $2.70, respectively. California and Hawaii hold the highest prices in the nation this week at $4.62 and $4.54, respectively. Connecticut holds the 17th place on the list of highest gas prices in the nation.

"Petroleum markets are in the midst of the winter doldrums as Americans drive less than any other time of year," said Lauren Fabrizi, spokesperson for AAA Northeast. "Production has held steady all winter, which is keeping supplies up and prices down – for now."

Average gas prices may be obtained here online daily.