A news release from Connecticut AAA:
Connecticut had the fourth-highest gasoline prices in the country in 2013, with an annual average of $3.80 per gallon for regular. The national average was $3.49. Pump prices in Connecticut and a dozen other states rose above $4.00 at some point during the year.
In 2012, motorists paid the most expensive yearly pump prices on record, averaging $3.90 in Connecticut and $3.60 nationally.
“It was a relief to see gas prices decline a bit in 2013 following record-breaking pain at the pump,” said AAA Public Affairs Manager Aaron Kupec. “Our hope is that prices will continue to fall as cars grow increasingly fuel efficient and refineries expand production to take advantage of the recent boom in North American crude oil.”
Gas prices most likely will average slightly less in 2014 as refineries continue to expand production capacity and increasingly rely on North American crude oil. These factors should provide a supply cushion that helps to limit dramatic price spikes caused by supply and demand.
“Gas prices should average slightly less this year if everything goes as expected, but most drivers may not even notice because the difference could be relatively small,” added Kupec.