Published: Wed, July 05, 2017
Economy | By Melissa Porter

Connecticut's gas prices lower for the holiday

Connecticut's gas prices lower for the holiday

The average retail price of regular gas in Cleveland fell 1.3 cents per gallon last week to $1.80 per gallon.

Not only are July 4th travelers experiencing great driving weather, they are getting a break on gas prices as well.

AAA reports that the most expensive gasoline can be found in the City of Chicago, at $2.73 per gallon.

According to Gasbuddy's daily survey of more than 300 outlets in the region, Manatee County stations were averaging $2.05 per gallon Monday, with Sarasota County at $2.11. GasBuddy's Dan McTeague says current prices are less than they were on New Year's day.

"It dropped to about $42 on the first day of summer", he said. Couple this with crude oil prices averaging $46 a barrel, and you have prices at the pump on the decline, according to the release. OPEC members in May agreed to extend those production caps another nine months, but disappointed investors who wanted deeper cuts. Rhode Island's price is one cent higher than the national average of $2.23. "Oil prices have rebounded". "It is just a matter of time before the national average bottoms out for the short-term, but at least the low prices were perfectly timed with what may be the lowest average gas prices of the summer as we celebrate the Fourth".

The statewide average was higher than this area, at an average of $2.148. Motorists in Miami-Dade County were paying an average $2.25, a 3-cent drop compared to the previous Monday.

Just an hour's drive west, Ohio's average gasoline price is $2.09 - an 18 percent discount off Pittsburgh-area prices.

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