Gas Prices Soaring in Connecticut

0:00Gas prices and Connecticut are climbing again, hitting an average of $4.21 per gallon for regular, up $0.17 from. Last week, in $0.28 from a month ago, nationally, it's $4.11, a $0.7 jump. This spiked ties straight to stall peace talks between the US and Iran, plus the ongoing blockade in the Strait of Hormuz blocking oil flow. Regional markets feel it too, New Haven at $4.12, up $0.13. What a very $4.11, up 19, bridge port $4.18, up 16. Experts point to rise in crude oil costs from geopolitical heat, with their finaries pushing pricier summer blend fuel, right as driving season ramps up. The Trump team extended the Jones-axe suspension through August to ease shipping strains, but energy marketers warn it might backfire short-term by, signaling no quick end to tensions. Fuel makes up over half the pump price, so these swings hit hard.

1:01Analysts predict more increases this week, maybe even diesel following suit, with no clear ceiling if conflicts drag on, could test all-time highs. Globally, shortages are popping up elsewhere, adding pessimism. A few bright spots remain, though, at least 20 stations under $4.00 in the last day, four even dipping below $3.90. Keep an eye on the pump, folks. This rides far from over. Today informed, with Hartford News today, AI-powered updates, I'm Corey with The Story.