Gas Prices Heading Back Up

After months of decline gasoline is becoming more expensive.

As if Connecticut didn't get enough bad news recently with word that we have the highest gas prices in the continental U.S., now comes a report that the downward trend of gas prices is coming to an end.

Gas prices nationally have gone back up by nearly a dime in the last two weeks, according to a CNN report. In Connecticut, that trend is apparent as well, with gas prices rising from an average of $3.64 for a gallon of regular a month ago to the current average of $3.81 for a gallon of regular, data from the AAA's fuel gauge report shows.

Despite months of stability at the pump, the price of crude oil -- which drives the retail cost of gasoline -- shot up about $3 a barrel in the past two weeks, closing Friday at more than $90 barrel, the CNN report says.

Jason July 31, 2012 at 03:13 PM
This news about gas is vague. There needs to be more details as to why the changes in gas prices are so frequent. Meaning that one time it can be very low, and another time is goes really high. For example, you don't see a carton of milk jump to $6.24, then later on it goes back to regular price $2.49! ( and sometimes only when a coupon applies, it goes lower). Point is, there is enough gas to supply the world for the next 50+ years in America's oil reserve alone, let alone combining the rest of the world!


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