Some extra cash needed at the pumps this holiday season - WFSB 3 Connecticut

Some extra cash needed at the pumps this holiday season

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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) -

People heading to the pumps will want to bring some extra cash.

Connecticut drivers are now paying roughly 20 cents more for a gallon of gasoline compared to this time last year.

The entire country, on average, is paying 26 cents more.

Patrick DeHaan with Gas Buddy pointed to production cuts announced by the Organization of the Petroleum Exporting Countries on Nov. 30.

“Oil prices spiked after OPEC’s production cut agreement was announced, pushing gasoline prices higher in 41 states,” DeHaan said.

Gas Buddy is not forecasting a decline in these prices any time soon.

Prices are expected to rise more in 2017.

Spending will be somewhere between $120 and $180 more for drivers in 2017 because of “less oil supply from oil producers,” according to DeHaan.

Fairfield County currently has the highest average of $2.46 per gallon with both Hartford and Litchfield counties averaging the lowest, paying $2.35.

The five-year average for gasoline prices in the month of December typically is on the side of consumers, with an average decline of 12 cents.

DeHaan said it was a good thing because of the holiday season. However, that is simply not the case this year as gas prices have now risen to their highest total in six years.  

“At a time of year Americans are busy opening their wallets to shop for gifts, they’ll have to dig deeper to fill their tanks, too,” DeHaan said.

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