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Tuesday, February 28, 2012

State Gasoline Prices Up 7.3 Cents in Past Week

Average retail gasoline prices in Connecticut have risen 7.3 cents per gallon in the past week, averaging $3.93/g on Sunday, a monitoring group said today.

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Filling up a the Mobil station in Westport’s Saugatuck section on Riverside Avenue. (CLICK TO ENLARGE) Bob Eckman for WestportNow.com

This compares with the national average that has increased 11.3 cents per gallon in the last week to $3.64/g, according to gasoline price website ConnecticutGasPrices.com.

Including the change in gas prices in Connecticut during the past week, prices Sunday were 40.5 cents per gallon higher than the same day one year ago and are 24.3 cents per gallon higher than a month ago.

The national average has increased 26.6 cents per gallon during the last month and stands 29.8 cents per gallon higher than this day one year ago.

“2012 is looking increasingly like 2008,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.com.

“Gasoline prices are climbing aggressively as speculation drives crude oil higher; and once again, it’s an election year. But this time its the volatility in the Middle East that has everyone wondering ‘How high is up?’,” he added.

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Posted 02/28/12 at 02:10 AM  Permalink



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