Ready for even more pain at the pump? Gas will have us bending over even further this week thanks to a national jump in prices.
CT Post reports that gas prices jumped by nearly 10 cents in the past week as the state average scrambled up to $2.68 a gallon. That’s a 6.2 cent jump since the week before.
Comparing prices now to this time last year, they are 26 cents more expensive.
However, our prices seem on par with the national average. Gasoline price website, GasBuddy, says the national average increased by 4.7 cents to $2.60. However, since the start of the month, a gallon of gasoline jumped by 9.2 cents.
Also, the national average around this time in 2017 was 32 cents cheaper.
However, CT did see somewhat of a reprieve in the past few weeks. Apparently the string of nor’easters drove demand down by a lot. Which, thankfully, resulted in lower prices.
But now that spring’s here… yeah, the fantasy is over, people. Time to wake up and smell the money flying out of our wallets.
Patrick DeHaan, head of petroleum analysis for GasBuddy, explained why the price at the pump took off like a rocket ship:
“The jump at the pump has continued unabated over the last week as oil prices have rallied and the typical spring fever starts to grip energy markets, causing gas prices to continue to accelerate. As March wraps up, gas prices are going out like a small lion, but there may be a larger lion looming in the weeks ahead. The surge at the pump is by no means over just yet.”
Which means Connecticut still faces a chance of seeing prices return to over $3 a gallon. You know, the whole fake “summer blend” switch. Plus the fact that, somehow, Americans increased their oil demands.
But, I want to go out on a limb here. Last time prices went over $3, less fuel-efficient cars drove our roads. Now, it seems everyone owns a car that gets 30 to 40mpg.
You know… because gas prices were so bad people needed to switch to more fuel efficient vehicles?
But that’s just me. What do I know about gas companies and how they fix prices.
Do you think that once we see prices reach $3, we’ll ever see gas sold for $2 ever again? Is this “oil demand/summer blend” thing made up or is there some truth behind it?