Major pipeline leak may spike prices at the pump

gas pump

MILFORD, Conn. (WTNH)– How much you pay the pump could soon be going up. The national average now is $2.20 but the average cost for a gallon of gas here in Connecticut $2.28.

Those prices are according to AAA. But that could soon change. A major fuel pipeline leak in Alabama could drive up prices along the east coast.

Right now at a Milford gas station we’re seeing gas prices at $2.29. That colonial pipeline that’s causing all these headaches runs from Houston to New York. So, that means 50 million folks along the east coast could be seeing a spike at the pumps.

News 8 did a little research on GasBuddy.com and found out in New Haven the average price in the state is $2.25. That’s 3 cents higher than last month. Their price is expected to go up 15 to 20 cents per gallon. But, this is short lived and experts with CNN money say we shouldn’t feel as much as our friends in the South. And it should be short lived

Now a year ago we were paying about 20 cents more. So, our wallets will just feel like it’s September 2015.

So, if this spike should be short lived, how short are we talking here? They hope to have the pipeline fixed next week. Experts are estimating it should only last 10 to 20 days. Then, they should start to fall again at the end of the month or early October.

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