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Sunday, October 21 Local

Gas prices continue to fall in Conn.

As we head into summer there’s good news on the driving front: Falling gas prices.

Gasoline prices in the greater Bridgeport area have fallen 0.4 cents per gallon in the past week, averaging $3.14 a gallon for regular gas on Sunday, according to GasBuddy's daily survey of 96 stations. This compares with the national average that has fallen 3.1 cents per gallon versus last week to $2.91 a gallon.

"Gasoline prices continue to fade after peaking just ahead of Memorial Day, largely in part due to previous discussion that OPEC may lift output, pushing oil prices back down to the mid-$60s,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a release.

“As we've been expecting for months, gas prices will likely decline in the month of June as summer gasoline inventories continue to build and refiners continue to crank out fuels like gasoline and diesel. A solid majority of states saw average gas prices decline last week, and I expect we'll hold that trajectory again this week.”

Average gasoline prices on June 11 in Bridgeport have ranged widely over the last five years: $2.46 a gallon in 2017; $2.53 a gallon in 2016; $2.97 a gallon in 2015; $3.96 a gallon in 2014 and $3.88 a gallon in 2013.

Prices on Sunday were 68.1 cents per gallon higher than a year ago and are 12.7 cents per gallon higher than a month ago. The national average has increased 4.8 cents per gallon during the last month and stands 58.5 cents per gallon higher than a year ago.

AAA says the average price for a gallon of gas in Connecticut is $3.13.

Fairfield County has the highest prices with an average cost of $3.19. With that price, filling a 12-gallon tank will cost you $38.28.

The highest prices for a gallon of regular happened on July 3, 2008 when the price topped $4.49. Back then, the price of a 12-gallon tank fill-up cost $53.88.

California has the nation’s highest prices with $3.72. That’s $1.14 more a gallon than the price of gas in South Carolina.

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