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Here's How Gas Prices Will Start New Year After Roller-Coaster Ride In 2018

As the new year starts, AAA has announced that Connecticut drivers may be able to expect reduced prices at the gas pumps.

State and national gas prices stabilizing, AAA says

State and national gas prices stabilizing, AAA says

Photo Credit: Pixabay

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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