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Gas Prices Continue Dropping in June

Whether the trend will continue remains to be seen.

 

Gas prices in New Canaan and the rest of Connecticut continue dropping from the $4-plus highs of two months ago. According to the price tracking website GasBuddy.com, the average price per gallon in Connecticut is now $3.68.

A month ago, the average price was $3.95. Nationally, the average is now $3.53.

“While any gains in oil prices won’t likely be immediately felt, the debt situation in Europe bears keeping a close eye on as it has far reaching global implications,” said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst, in a statement.

He added, “Outside of that situation, West Coast wholesale gasoline prices are now among the lowest in the nation with California, Oregon, and Washington seeing their averages drop back under $4 a gallon, while the nation’s midsection may see prices rising in the week ahead.”

The lowest gas price in town listed by the New Canaan Commute section is $3.99 at the Mobil station 81-120 Merritt Pkwy southbound at the New Canaan Canteen West.

Glen K Dunbar June 18, 2012 at 03:57 PM
Most of the time I do not use my money. So, I not worry. I should point out that this trend is not likely to go on. Prices go up not down. They lower it a few cents and raise it a few dollars. Stinks. But, that is the way it goes.
Lisa June 18, 2012 at 06:14 PM
Hah - they must not have gotten the memo at New Canaan gas stations.
Glen K Dunbar June 18, 2012 at 09:53 PM
Wish I did not even have a car(s) Would rather walk/train it.
Billy Gumdrop June 19, 2012 at 03:49 AM
Then sell them!

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