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Gas prices still dropping

Average retail gasoline prices in Connecticut have fallen 5.3 cents per gallon in the past week, averaging $3.70/g yesterday. This compares with the national average that has fallen 4.8 cents per gallon in the last week to $3.34, according to gasoline price website ConnecticutGasPrices.com.

Prices in Ridgefield Sunday included $3.79 cash/$3.89 credit at Valero, $3.85 at Irving, $3.95 at BP, and $4.09 at Shell. Four stations in Danbury, including two CITGOs, were selling regular for $3.63. Lowest reported price in the state was $3.45 at a Gasman station in Winsted.

Including the change in gas prices in Connecticut during the past week, prices yesterday were 16.6 cents per gallon higher than the same day one year ago and are 12.5 cents per gallon lower than a month ago.

The national average has decreased 12.2 cents per gallon during the last month and stands 5.5 cents per gallon higher than this day one year ago.

“The national average has continued to see a steady decline over the last week, and that trend will likely continue through this week at the very least,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Last week, the Energy Information Administration reported one of the largest single week increases in gasoline inventories in my recent memory, which will likely contribute downward pressure to wholesale gasoline prices in the days and perhaps weeks ahead.”

GasBuddy operates ConnecticutGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area. In Connecticut, GasBuddy tracks price changes at 1,540 retail outlets.

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