Gas prices on the rise but good news down the road

In this Thursday, July 16, 2015, photo, a customer re-fuels her car at a Costco in Robinson Township, Pa. The U.S. government says the fuel economy of the nation’s fleet of cars and trucks likely won’t meet its targets in 2025 because low gas prices have changed the types of vehicles people are buying. (AP Photo/Gene J. Puskar)

NEW HAVEN, Conn. (WTNH)  –  Gasoline prices have increased nationally over the past week but in New Haven where prices are higher than the national average the increase was smaller.   According to Gasbuddy prices in the New Haven area increased 0.7 cents per gallon compared to a 3.3 cent per gallon increase nationally.

Gasbuddy’s survey shows an average price of $2.28 per gallon in New Haven and $2.25 nationally.

According to Gasbuddy there is good news ahead.  Patrick Dehaan, Senior Petroleum Analyst for Gasbuddy  says “Moving forward, oil may be on shaky ground as signs emerge that Opec may not cut production as they indicated two weeks ago.  The Saudis recently cut crude oil prices to some customers for November delivery, a fresh sign the Kingdom is staying aggressive about market share.  This could lead to some relief as we head towards the holidays.”

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s