Gas Prices Fall Nationwide Amid Global Economic Factors

Gas prices across the United States are experiencing a notable decline as seasonal demand decreases and oil prices drop due to global economic factors. In Connecticut, the average price for a gallon of self-service regular gas is $3.04, while the national average has fallen to $3.07, with experts predicting further decreases possibly below $3 by Thanksgiving. Oklahoma and Texas show the lowest prices at $2.58 and $2.65 respectively, whereas Hawaii and California have the highest at $4.58 and $4.50. This trend is observed nationwide, including regions like Florida, Michigan, and the Philadelphia area, where prices have dropped significantly compared to last year. Analysts attribute these declines to weaker global demand, the completion of refinery maintenance, and seasonal factors like the switch to cheaper winter blend gas. However, potential disruptions like hurricanes could temporarily affect supply and prices.