The US re-imposing of economic sanctions on Iran could lead to higher gas prices across Connecticut – where drivers are already paying an average of almost $3 a gallon, the most they've paid in years.
President Trump announced earlier today that the US would be re-imposing economic sanctions against Iran and withdrawing from the Iran Nuclear Deal. The reinstated sanctions could lead to increased crude oil prices which would mean increased gas prices later this summer.
The average price of gas across Connecticut today is $2.98, already 47 cents higher than on this same day last year. Prior to Trump's announcement, gas prices were expect to continue to rise until around Memorial Day, but the sanctions could mean that gas prices will continue climbing deep into the summer driving season.
"This is a scenario of pump prices possibly going from bad to worse" says Amy Parmenter, spokesperson for AAA in Greater Hartford. "The timing, just as we head into the busy summer driving season, is not ideal".
Find the latest gas prices for Connecticut at GasPrices.AAA.com.
As the Iran sanctions relate to gas prices, what you need to know:
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