Gas Prices In Connecticut Now Over $4 As Of Saturday

Milford CT

05 March, 2022

9:47 AM

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CONNECTICUT — Gas prices are surging in Connecticut as the national average hovers just below $4 per gallon for the first time in more than a decade — and analysts expect it to hit $4 soon. In Connecticut, the average price for a gallon of regular gas is $4.079 on Saturday, according to AAA. That's higher than the national average of $3.922. One year ago, in Connecticut, the price of gas was $2.770 a gallon. One month ago, the average price of gas was $3.554 in Connecticut, according to AAA. As of Saturday, in Fairfield County the average price for a gallon of regular gas was $4.120, followed by Windham County, $4.098, New London County, $4.091, Hartford County, $4.079, Tolland County, $4.073, Middlesex County, $4.071, New Haven County, $4.057, and Litchfield County, $4.015. Russia's violent invasion of Ukraine has roiled the oil market, causing the global price of oil to spike and leading to higher pump prices in the United States, according to AAA. Gas prices have soared 18 cents since Wednesday and 29 cents since the invasion of Ukraine eight days ago, according to a CNN report. The increases mark the largest price hikes since Hurricane Katrina hit the U.S. Gulf Coast in 2005, devastating the nation's oil and gas industry, according to CNN. With prices rising at such a rapid pace, a national average of $4 a gallon will probably be reached soon, analysts say. "This is not the end of it. We're already up another 14 cents on wholesale gas prices this morning," Tom Kloza, a global petroleum analyst, told CNN on Friday. "It's absolutely out of control." The price of a gallon of gas varies dramatically based on where you live. In California, the average price for a gallon of gas hit a staggering $5.07 on Friday, according to AAA, making it the first state ever to have an average price above $5 a gallon. Meanwhile, if you live in Arkansas, a gallon of gas is only $3.45. Overall, gas prices are up more than $1 from this time last year, according to GasBuddy.com. >>>You can review more gas data for Connecticut by visting the AAA website.