Business & Tech
Analyst Warns of Higher Gas Prices
Connecticut's gas prices dropped again, but this time at a much lower rate.
The pace of declining gas prices slowed somewhat in Connecticut, with a mere two cent drop recorded in the past week. The average price according to price tracking website GasBuddy.com is now $3.62, down from $3.64 a week ago.
“Oil prices rose significantly last Friday, reversing a downward trend," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, in a statement.
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He added, “One thing is for sure- the yellow brick road won't be leading us to cheaper pumps for much longer, something many Americans will undoubtedly tie to the upcoming holiday."
As usual, Connecticut’s average is far higher than the national prices, which is listed at $3.37.
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