Gas prices at pump in Connecticut lowest in 4 years

ID-10016000HARTFORD, Conn. (AP) _ For the first time in more than four years, Connecticut motorists are paying less than $3 a gallon for regular gas.

AAA said Wednesday the average price of regular gasoline in Connecticut is $2.995. That’s down 24 cents in the last month and 67 cents less than at this time last year.

It’s the first time regular gas was less than $3 a gallon since Nov. 5, 2010. AAA says that’s the longest streak ever above that price.

Connecticut still has the fourth highest average price in the country, behind New York, Alaska and Hawaii.

The cheapest gas is in Missouri at $2.32.

Prices are falling because of high global crude oil supplies and partly due to rising U.S. production. Global demand is relatively weak because of slowing economic growth in Europe and Asia.

 

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