Fuel Report

The oil market continues to be a supply and demand game, with plentiful supplies and a reduced demand resulting from an economic slowdown continuing to drive prices down, according to The Telegraph; the newspaper says successful negotiations with Iran could also make the commodity a little cheaper. Tensions remain there, however, with the Washington Post reporting that Iran is dealing with the reduced oil exports by switching off satellite tracking systems and looking for open ports.

There are mixed reports on oil's effect on the United States presidential election. The Albany Times Union says an Associate Press poll notes an increasing percentage of people are dissatisfied with President Barack Obama's handling of gas prices. However, BusinessWeek says a Bloomberg poll shows more people consider oil companies and Middle Eastern nations to be at fault for high prices, and that falling gas prices have made this a smaller issue in the election.

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The average price for a gallon of regular grade gasoline fell slightly over the weekend, according to ConnecticutGasPrices.com. Both the national and state averages dropped a penny, with the former going to $3.73 and the latter to $3.99. The cheapest reported station in Connecticut on Monday morning was $3.75, available to Sam's Club members at the Newington store.

New London prices start out at $3.91, available for cash payments at the on Broad Street. The across the street sets its price at $3.93, while cash payments get you $3.95 at both the on Broad Street and the on Ocean Ave. Most other stations are staying at $3.99.

In Groton, the cheapest price is $3.98 at the Citgo on Gold Star Highway. This is followed by $3.99 at the Citgo on Fort Hill Road, Shell on Poquonnock Road, and Sunoco on Long Hill Road. Waterford prices start at $3.93 at the BJ's on Cross Road. This is followed by $3.95 at the Hess on Boston Post Road and $3.97 at the Mobil and Sunoco stations on the same road.

For more information on gas prices and travel conditions, check out our Commute section.

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