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 The Week

The average price of gas across Connecticut has been holding within a penny or two since mid-May and remains at the same price today as it was on Memorial Day.

In its latest weekly report, the Energy Information Administration (EIA) released new gas demand data that shows demand dropped last week, while domestic supply increased. The demand decrease and supply increase has helped to stabilize pump prices and will likely help prices remain stable through the weekend and into summer. 

Today’s national gas price average is $3.04, unchanged from one week ago, 13 cents higher than one month ago and $1.05 more than one year ago.  

CURRENT AND PAST GAS PRICE AVERAGES
Regular Unleaded Gasoline (*indicates record high)

 

6/4/21

Week Ago

Year Ago

National

$3.04

$3.04

$1.99

Connecticut

$3.07

$3.07

$1.97

Bridgeport

$3.14

$3.14

$2.10

Hartford

$3.05

$3.04

$1.94

New Haven - Meriden

$3.05

$3.04

$1.94

New London - Norwich

$3.09

$3.08

$1.94

Crude Oil

$69.62
per barrel
(Fri. 6/4/21 close)

$66.32
per barrel
(5/28/21)

$39.55
per barrel
(6/5/20)

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $69.62 per barrel, $3.30 higher than last Friday’s close. Crude prices have generally increased this week after the Organization of the Petroleum Exporting Countries (OPEC), and its allies including Russia, announced they still plan to gradually increase crude production in July. The move could help reduce pump prices later this summer, but the amount of the price reduction will depend on how well OPEC and its allies adhere to their agreement and if the additional production is not met with higher demand. OPEC and its allies will meet again on July 1 to review their production agreement.

The Weekend
“Gas prices have remained relatively flat since the middle of May,” says Amy Parmenter, spokesperson for AAA, Greater Hartford.  “As the summer driving season gets underway, demand for gasoline as well as the price of crude oil will determine the direction of prices at the pump.”

AAA has a variety of resources to help motorists save on fuel:

AAA is the most comprehensive resource for gas prices. Unlike the Lundberg Survey of 7,000 gas stations, AAA reports reflect actual prices from credit card transactions at more than 100,000 gas stations in the U.S.

CT Mailing Address:
815 Farmington Avenue
West Hartford, CT 06119

AAA provides automotive, travel and insurance services to 58 million members nationwide and more than one million members in Connecticut.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years. The not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel and track their roadside assistance service with the AAA Mobile app for iPhone, iPad and Android. For more information, visit www.aaa.com.

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TEDx Wilmington Salon

Who's in the Driver's Seat? The Transformation of Transportation

On Tuesday, October 17, 2017, AAA and TEDx Wilmington held the first TEDx Salon dedicated to ideas worth spreading in transportation.

This event had:

  • 12 live talks given by 13 speakers
  • 368 people in attendance at the live event
  • More than 7,500 viewed the event online through Livestream, viewing events, and on the AAA Associate network
  • Online viewers came from all 50 states and approximately 30 countries around the world

View a slideshow from the event

This TEDx WilmingtonSalon was organized in partnership with AAA

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