Gas prices in New Haven experience a slight increase

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NEW HAVEN, Conn. (WTNH) — New Haven’s gasoline prices have risen in the past week, according to a recent online study of gas prices.

Gasbuddy.com issued the report on Monday. According to their survey of 229 gas outlets in greater New Haven, the average price of gas in the city has risen 2.2 cents per gallon in the past week, averaging $2.26 a gallon on August 28th. This compares with the national average that has increased 3.4 cents per gallon in the last week to $2.21 a gallon.

Despite the recent rise, the report claims that gas prices were 34.7 cents per gallon lower than the same day one year ago, and are 0.4 cents per gallon lower than a month ago. The national average has increased 7.4 cents per gallon during the last month and stands 28.0 cents per gallon lower than this day one year ago.

According to historical data contained in the report, gasoline prices on August 29 in New Haven have ranged widely over the last five years:

  • $2.61/g in 2015
  • $3.71/g in 2014
  • $3.88/g in 2013
  • $4.01/g in 2012
  • $3.87/g in 2011.

Senior Petroleum Analyst for GasBuddy, Patrick DeHaan, says the price hike won’t last long.

“As the summer driving season wraps up, gasoline prices have risen for 14 consecutive days, thanks in large part due to a late-summer rally in oil markets, driven by OPEC threats. While the final note may be a bit sour, the sweetness of what is still the cheapest summer gas in a decade will linger.”

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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