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After the “roller-coaster ride” of prices in 2018, new statistics show that this year’s average price for a gallon of self-serve regular in Connecticut is exactly the same as it was just one year ago, as of Friday, Dec. 28, at $2.64.
On a national level, prices are stabilizing as well. The average national price is $2.29, which is nine cents less than last year. Plus, full 20% of states have average prices below $2.00 per gallon.
The AAA attributes these price reductions to lower demand, lower crude oil prices and a “glut of gas” on the global market. However, there are still some unpredictable elements at play: the AAA says OPEC plans to cut crude production by 1.2 million barrels starting Wednesday, Jan. 1 in an effort to “balance the global supply market.”
This switch, AAA says, may cause a gradual increase of national gas prices. For now, Connecticut drivers will have to stay tuned and keep their eyes on the road.
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