Gas prices on the rise ahead of holiday weekend - WFSB 3 Connecticut

Gas prices on the rise ahead of holiday weekend

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Gas prices are on the rise ahead of the holidays (WFSB) Gas prices are on the rise ahead of the holidays (WFSB)
HARTFORD, CT (WFSB) -

Prices at the pump are rising, just as a record number of people are about to hit the road for the holidays.

In many places across the nation, gasoline has gone up $0.30 in the past month.

AAA said drivers in Connecticut are better off than many other parts of the county, with regular unleaded gas going up about $0.08 in the past month.

There are many factors being blamed for the rise in gas prices.

Supply and demand top the list.

OPEC cut producing cartel cut production last month. With demand going up, so are the prices at the pump.

In recent years, OPEC had been going the opposite direction, overproducing and sending prices downward.

It’s not the best timing if drivers are hoping to save money.

AAA predicts holiday travel will reach the highest levels on record with over 103 million people expected to be on the roads between Christmas Eve and Jan. 2.

This is an increase of 1.5 million over last year.

Part of the reason is a good one… an improving economy.

One year ago, gas on average was $0.20 cents cheaper per gallon.

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