Gas Prices Rise for First Time Since June

Following nearly 100 days of declines, gas prices rose slightly Wednesday, and are forecasted to change little in the near future.

The national average price rose by about a cent to $3.68, snapping a 98-day streak of declines since prices peaked at $5.02 in mid-June, according to data from the American Automobile Association (AAA). A slight increase was expected to occur soon after prices fell only four cents last week, the smallest decrease in months, which the AAA attributed to the impacts of “war, COVID, economic recession, and hurricane season,” in a statement Monday.

Read More

Gas Prices Continue Decline, Still Much Higher than Last Year

Gas prices have continued a steady decline in recent weeks, coming down from record-high gas prices this summer, but the Congressional Budget Office says natural gas prices may see an increase from the recently passed Inflation Reduction Act.

According to AAA, the current national average price for a gallon of regular gasoline is $3.78, down from $4.08 a month ago and down significantly from earlier this summer when prices surpassed $5 per gallon. Prices have dropped about a nickel in the past week.

Read More

Gas Prices Hit Record High Every Day for Past Two Weeks

Gas prices have soared to new heights this month with the price of unleaded regular gas hitting a record high every day for the past two weeks. With Memorial Day weekend approaching, motorists face steep costs if they plan to travel.

According to AAA, the national average regular unleaded gas price Tuesday came in at $4.60, a record high. Diesel gasoline is at $5.55 per gallon, just below the record set last week.

Read More

Consumer Prices Rise 8.5 Percent, the Highest in 40 Years

Newly released federal inflation data show that prices continue to rise at the fastest rate in four decades, continuing the trend of soaring inflation.

The Bureau of Labor Statistics released its Consumer Price Index, a key indicator of inflation, which showed prices rose an additional 1.2% in March, part of an 8.5 percent spike in the past 12 months.

Read More

Connecticut AG Warns Against Price Gouging as Gas Prices Approach Record Highs

As gas prices near record highs in Connecticut, the state’s Attorney General is warning gas distributors against price gouging. 

“Gas prices fluctuate constantly, and price changes and price increases are normal. But what we have seen this past week is not typical, and we can expect even more volatility due to the unprovoked and unconscionable Russian invasion of Ukraine,” Attorney General William Tong (D) said in a Monday statement. 

Read More

Report Shows Connecticut Gas Prices Continue to Rise, Impact Residents

Person filling up red car with petrol/gasoline

Gas prices continue to rise throughout Connecticut, inflicting pain on residents throughout the state

According to data compiled by AAA, the state’s prices are above the national average, sitting at $3.75 per gallon. The number is an 8-cent increase from the previous week alone.

Read More