Some heartbreaking news for Connecticut drivers this Valentines.
Even though gas prices have dipped slightly in the last few days, AAA says they will take a significant turn in the next few weeks and spike in the second quarter of the year, with the average price of gas across Connecticut topping $3.00 a gallon.
“AAA experts say sometime towards the end of February or beginning of March we will start to see gas prices rise sharply,” says Amy Parmenter, spokesperson for AAA in Greater Hartford. “Motorists can expect to pay as much as 25 to 30 cents more per gallon”.
According to AAA gas prices, today’s national average is $2.56.
As usual, Connecticut is among the top ten most expensive states for gas (10th), with the average pump price at $2.73 for a gallon of regular unleaded.
If the projections hold true, AAA says drivers across the country and across the state will be paying the highest gas prices since 2014 – but not nearly as high as the peak prices that year which, here in Connecticut, approached $4.
Northeast Gas Prices Likely to Increase More Than Most
AAA experts say the increase in gas prices will be notable nationwide, driven mostly by the rising cost of crude oil. But, across the northeast, pump prices will likely rise even higher.
Because of the hurricane, many refineries that supply the northeast postponed their fall maintenance until spring, so spring production will be limited as a result.
AAA experts expect the second quarter to be the most expensive second quarter for gas since 2014 and, looking ahead, they say, the driving season will be the most expensive since 2014 as well.
The increase in gas prices is expected to peak around April 1st.
AAA gas price projections are based on predictable market dynamics barring any unforeseen changes in oil markets, financial markets and/or the political landscape.
Drivers can find the least expensive gas near them by downloading the AAA app. It's free!
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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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