Connecticut Breaks Their All-Time Gas Record As States Face Record Spikes

Gas prices in Connecticut hit a record-high on Wednesday, topping the all-time state record set in 2008 as other states also see gas price spikes.

Fuel prices around the nation have increased for over a year, but prices spiked after President Joe Biden announced an import ban on oil from Russia on Tuesday in response to the ongoing invasion of Ukraine, which began on February 24.

On Wednesday, Connecticut recorded a record of $4.41 a gallon, surpassing the state's previous record of $4.39 which was set in July 2008. The state's average increased by six cents in only a single day.

Connecticut's gas prices also surpassed the national average. As of March 9, the American Automobile Association (AAA) recorded $4.252 a gallon nationally. The previous national record was $4.10 a gallon, set in 2008 right before the recession and housing crisis, GasBuddy reported.

Nationally, the gas average increased by eight cents since Tuesday morning.

Besides Connecticut, other states also face record spikes in gas prices. California recorded an average of $5.57 on Wednesday. Drivers and consumers in California are paying $0.70 more for gas than they were a week ago, according to AAA data.

Hawaii showed an average of $4.47 a gallon, and Washington, Oregon, Nevada, Illinois, Alaska and New York are also reporting the highest gas rates in the nation, averaging between $4.415 to $5.573.

Based on AAA data, 28 states and Washington D.C. have prices over $4.

Experts and gas analysts aren't expecting prices to decrease anytime soon, either. AAA spokesperson Frank Mayko told WTNH that prices will increase "as long as crude gas prices continue to surge."

As Russia was the third-biggest producer of oil in the world, the ban on imports will cost the U.S. further increases in gas prices.

Tracy Noble, Manager of Public and Government Affairs for AAA Mid-Atlantic told Newsweek, "What we're seeing now is a perfect storm at the pumps. In addition to the Russian/Ukrainian conflict, the surge in crude oil prices and the new sanctions, this is also when traditionally, gas prices make significant jumps around the switch to summer blends, which occurs in March and April."

Noble also stated that the ban of crude imports from Russia to the U.S. and other countries "will likely cause prices to continue to rise to reflect tightening global oil supplies."

Biden said in a statement from the White House on Tuesday that the decision to ban was not without the cost of the American people. "Putin's war is already hurting American families at the gas pump," he said. "Since Putin began his military build-up at Ukrainian borders, just since then, the price of gas at the pump in America went up 75 cents and with this action it's going to go up further. I'm going to do everything I can to minimize Putin's price hike here at home."

Mayko with AAA advised that the best things drivers can do to save money on gas during this time are "to reduce their speeds, inflate their tires and keep their vehicles properly maintained."

With travel in spring and summer beginning to take off, Noble told Newsweek that prices can fluctuate even more because of an increase in demand. "It is too soon to tell if rising gas prices will have an impact on people's driving habits or travel plans. Historically, high gas prices have not deterred people from traveling, however, at this time it's too soon to tell what kind of impact these higher prices will have," she said.

Newsweek reached out to AAA for further comment but did not hear back in time for publication.

US-GAS PRICES-MARKETS-WORLD
Connecticut gas prices hit a record high on Wednesday as other states continue to soar as well. In this photo, a sign shows gasoline fuel prices above six and seven dollars a gallon at the Shell gas station at Fairfax and Olympic Blvd in Los Angeles, California, on March 8, 2022. PATRICK T. FALLON/AFP via Getty Images