CT gas prices down $.07 cents from last week

Connecticut now has slipped to 15th place this week, down one spot, in terms of the highest gas prices in the nation.

AAA’s Sept. 21 survey of prices in Connecticut found self-serve, regular unleaded averaging $2.54 a gallon, down $.07 cents compared to last week; down $.25 cents from last month; and down $1.19 compared to last year.

Generally, Connecticut has ranked among the top 10 high paying states, but in recent weeks moved out of that category.

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

• Greater Bridgeport/Stamford, $2.54

• New Haven/Meriden, $2.44

• Greater Hartford, $2.41

• New London/Norwich, $2.39

• Statewide Average, $2.54

On the national level, the Sept. 21 average price is $2.29, $.04 cents lower than last week; $.34 cents lower than last month; and $1.05 lower than this time last year.

Prices continue to fall since early spring because of dropping crude oil prices, the driving force of the price of gas at the pump. Crude oil is about $45 a barrel.

Along with plunging crude, there are several factors affecting prices:

A massive oil glut in the marketplace because the US has doubled its domestic production over the last few years;

A worldwide decline in fuel use because of the number of energy efficient vehicles being manufactured.

Of the 50 states and the District of Columbia, three states —Alaska, California, and Nevada — continue to register average gas prices over $3 a gallon; while five other states – South Carolina, Mississippi, Alabama, Tennessee and Louisiana — now have average prices under $2.

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