State makes top five in year-to-year gas savings
HARTFORD – The country is seeing the lowest gas prices since the Great Recession and Connecticut is seeing some of the best savings year-to-year.
Drivers nationwide paid the lowest averages for the Christmas holiday since 2009, and pump prices continue to hover around the $2 benchmark.
This week’s average price of $1.999 is the lowest for this date since the Great Recession.
According to the AAA Fuel Gauge Report, here in Connecticut, the average price for a gallon of unleaded is $2.16/
Though that is higher than the national average, Connecticut is among the top five states seeing the greatest savings year-over-year – with gas 55 cents a gallon lower than it was on this date last year.
Leading into 2016, the national average is expected to continue to slide because supply should continue to outpace demand, according to AAA.
Gas prices typically fall during this time of year as demand for gasoline decreases. The fourth quarter of 2014 saw pump averages tumble from $3.33 on October 1 to $2.26 on New Year’s Eve.
Thirty-two states are posting averages below $2 per gallon.