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Gas Prices Shoot up 6 More Cents in a Week

A rise in price this time of year is expected.

Spring has sprung and so have the gas prices. In just a week the average price of gas in Connecticut has went up from $4.07 to $4.13.

According to the price tracking website Connecticut Gas Prices, the state still has a ways to go to reach record highs. In the summer of 2007, the price peaked at $4.38. In spring 2011, gas prices hit $4.27 a gallon and began a steady decline until December 2011.

According to the Associated Press, the high prices in spring are a cyclical trend because refineries reduce input to repair equipment for summer production. The prices have reportedly increased annually nationwide between February and May since 2000.

Last week, Gov. Dannel P. Malloy signed a law that limits the gas tax. At the time the move was , but the savings are expected rise along with the prices. 

Steven DeVaux April 09, 2012 at 04:32 PM
With two months to go to Memorial Day, they could break the old record and kick off the Second Great Recession it appears. NPR radio said it was gas prices back in 2007 that caused consumers to reign in spending (accounting for 70% of the economic activity in the US) and catch America's retail business off guard. Could happen again.
Gmoney April 10, 2012 at 12:11 AM
The problem is not capitalism, it is corporatism. We are NOT a capitalist economy anymore. The government is in bed with, & essentially owned by a few corporations, who get the Tax Breaks, Subsidies, & Bailouts. THAT is not the free market. WE the People (tax payers) gave the ooober rich, more money, after they blew all the money they took from us the first time. Now after using our military to conquer much of the middle east's oil reserves, they go ahead and jack up the price of gasoline. Clearly the goal here is destroy the US economy, & the US dollar. That would sound crazy if it weren't for that fact that there have been many globalist proponents for a World Currency. The Euro was created this way, not long ago. Since 1913, the creation of the Federal Reserve (off gold standard, print money) & Federal Income Tax, the value of the dollar has lost 99% of it's worth in gold / silver. In 2013 we will reach the 100 year anniversary of the FED. Will it be celebrated by a 100% loss of value of the dollar, & the UN backed World Currency takes it's place? There is no question there a many powerful individuals who are working to see this happen. Barack Obama & Mitt Romney will both do nothing to curtail this Fiat / Monopoly money we are printing, not based on gold or silver. Neither will stop the War profiteering, Neither will stop the massive government spending. There's only one candidate who works for US, the People, that man is Dr. Ron Paul!
Steven DeVaux April 10, 2012 at 02:50 AM
It's definitely not OUR paid politicians in Brookfield. Here, the Board of Selectmen want to INCREASE taxes and have NEVER decreased taxes (unlike gas that goes both up and down).

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