The Four-Dollar Gallon

A Reality Again In Parts of Connecticut

As we approach Labor Day—the traditional end of the summer travel season—gasoline prices in Connecticut are again flirting with the $4.00 mark. Indeed, in Fairfield County, the average price for a gallon of regular has already surpassed that milestone. Motorists in the Hartford area are paying an average of $3.973 per gallon. In southeastern Connecticut, the average is $3.964. The statewide average today sits six-tenths of a cent below $4.00, according to AAA’s Daily Fuel Gauge Report.

The statewide average of $3.994 per gallon for regular is nearly three cents more expensive than a week ago and 18 cents more expensive than a month ago.

Connecticut motorists are now also paying more for gasoline than they were a year ago, when the average was $3.916. While pump prices started high and moved lower during the summer of 2011, we’re seeing the opposite happen this year. Domestic supply and distribution issues have been the driving force behind rising gasoline prices over the last several weeks (see graphic). Oil prices have also been increasing amid positive global economic news and continued geopolitical tensions with Iran.

AAA continues to expect that, given current conditions, prices at the pump will decline following Labor Day as the summer driving season comes to a close and the transition from summer to winter blend fuel occurs.

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R Eleveld August 30, 2012 at 06:09 PM
Noun, 1. price gouging - pricing above the market price when no alternative retailer is available. [a vague definition] Wikipedia is also clearly vague on this issue. I personally am opposed for reasons of signal to price gouging laws and to the fact that the less fortunate [poor] are most harmed by these ideas. Relative to oil prices.... Do you mean collusion among the 115 producers(wikipedia) tens of thousands of retailers, traders, oil company personnel, and everyone else. I forgot the local gas seller down the street, and his competitors within a mile or so. I knew I was out of the loop. Regulation would add cost that you would pay and have no effect on the world price, supply, and demand. Show me a sign of greed. Show me a company that is being ‘greedy’. BTW, Do you also complain when the price declines? Did not think so.
R Eleveld August 30, 2012 at 06:38 PM
Democrats should not be complaining since they are all about taking from the 'rich' and giving to the 'poor'. Isn't that an overlying concept the Democrats support? I do not, but then this is CT. http://www.cga.ct.gov/2006/rpt/2006-r-0319.htm http://knowledgeproblem.com/2011/01/24/an-act-purporting-to-ban-gasoline-zone-pricing-in-connecticut/ http://knowledgeproblem.com/2011/03/02/zone-pricing-ban-proposal-advances-in-connecticut-zone-price-ban-law-in-new-york-still-not-working/ I also buy my gas and alcohol, and now other things. Mass is better off.
Kaptainsteve August 30, 2012 at 07:36 PM
We are flushing this country right down the snot hole.
jane August 30, 2012 at 07:46 PM
The current Energy policy clearly favors oil, but many people are trying to change that. Will gas continue to rise? I really can't figure out why it is still as cheap as it is. I can't think of anything I bought in 1970 that has only risen in price by X's 3 in 2012. But regardless, it wasn't the Bush administration that 'caused' the gas to go to $4.26 anymore than it is Obama causing it to go to $3.90. If the Prez had any control over the international cost of oil don't you, in an election year, he would have slashed the cost, don't you think? And #Grumpy - your comment is spot on. I would add though, that Keystone will add nothing to the USA, except the liability of a Russian made pipe bursting under someone's farm or water supply.
R Eleveld August 30, 2012 at 08:40 PM
@ jane, you said Russian made pipe. Where does that tidbit come from. Please provide substantiation for that statement.


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