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Gas prices: The tide is turning?

Average retail gasoline prices in Connecticut have risen 1.1 cents per gallon in the past week, averaging $3.96  a gallon yesterday, according to GasBuddy’s daily survey of 1,540 gas outlets in Connecticut.

This compares with the national average that has increased 2.9 cents per gallon in the last week to $3.72, according to gasoline price website GasBuddy.com.

Ridgefield prices yesterday included $3.95 cash at Valero and $4.17 at Mobil. Danbury’s lowest reported price was $3.86 at a Global station on Newtown Turnpike. Lowest in state was $3.77 at stations in Enfield, Hartford, and Suffield.

Including the change in gas prices in Connecticut during the past week, prices yesterday were 4.2 cents per gallon higher than the same day one year ago and are 29.8 cents per gallon higher than a month ago. The national average has increased 42.0 cents per gallon during the last month and stands 9.1 cents per gallon higher than this day one year ago.

“The streak is over,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “GasBuddy data showed the national average rising for 32 consecutive days — starting January 20 at $3.265/gal, and ending February 21 at $3.733/gal. The tide has now turned and the national average has dropped two days straight. This is certainly excellent news for disillusioned motorists — but I would caution them not to get overly thrilled as prices may linger near these levels for some time.”

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 25 million times to help motorists find the lowest gasoline prices in their area.

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