Gas prices on the rise in New Haven

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2015-03-23 Oil Prices AP Gas Pump line_93931

NEW HAVEN, Conn. (WTNH) – Gas prices are on the rise in New Haven, according to GasBuddy’s daily survey. Prices have risen 1.2 cents per gallon, averaging $2.35/g Sunday in the past week, according to the survey which compares 229 gas outlets in the elm city.

Including the change in gas prices in New Haven during the past week, prices yesterday were 45.0 cents per gallon lower than the same day one year ago and are 14.3 cents per gallon higher than a month ago. The national average has increased 10.9 cents per gallon during the last month and stands 48.2 cents per gallon lower than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 16 in New Haven have ranged widely over the last five years and have included:

$2.80/g in 2015, $3.89/g in 2014, $3.74/g in 2013, $3.97/g in 2012 and $4.24/g in 2011.

“As the national average for retail gas prices appeared to be headed for a week over week decrease, prices popped back up thanks to a late-week surge by Great Lake states,” said Will Speer, senior petroleum analyst with GasBuddy.com. “While pockets of significant gas price hikes were prevalent, especially in regions such as the Pacific Northwest and Rockies, 22 states actually had prices decrease. So, as states struggled to agree on the movement of gas prices, the national average barely moved as a result, only increasing a penny per gallon in one week’s time. With the Memorial Day holiday two weeks away, it marks the kickoff to the summer driving season. Gasoline demand that has already been strong this year will undoubtedly see a huge seasonal increase in demand. This paired with crude prices that continue to show signs of strength are going to keep further pressure on gas prices this summer.”

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 This material may not be published, broadcast, rewritten, or redistributed.

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