Gas prices could rise throughout the summer - WFSB 3 Connecticut

Gas prices could rise throughout the summer

Posted: Updated:
(WFSB file photo) (WFSB file photo)

With the Memorial Day holiday weekend less than a week away, the average price of gas has risen to its highest level of the year so far.

It's a trend that's not only playing out in Connecticut, but nationwide, according to AAA.

“Gas prices typically rise in advance of the busy summer travel season,” said Amy Parmenter, AAA spokesperson. “The big question this year is when will they peak?"

AAA's Fuel Gauge Report said on Monday that drivers in Connecticut are paying an average of $2.42 for a gallon of regular gas. That's up 6 cents from a week ago, but still down 43 cents from a year ago.

Broken down further, the average in these regions is:

  • Hartford - $2.40
  • Bridgeport - $2.50
  • New Haven/Meriden - $2.40
  • New London/Norwich - $2.42

That national average is $2.28.

The rise is due to more expensive crude oil costs brought about by the wildfires in Canada and supply disruptions in other oil-producing countries.

Parmenter said gas prices tend to peak around Memorial Day, but the cost of crude has been a wild card. She said prices could continue to rise into the summer.

Still, drivers can expected the price to remain lower than it was last year. It will also be the lowest Memorial Day average since 2005.

AAA forecasted that nearly 34 million, or 89 percent, of holiday travelers will drive to their Memorial Day destinations. That's an increase of 2.1 percent over last year and a result of lower gas prices.

For more on local gas prices, check out AAA's Fuel Gauge Report here.

Copyright 2016 WFSB (Meredith Corporation). All rights reserved.