Connecticut
Connecticut gas prices drop, interest rates to decrease
Consumers in Connecticut might have noticed some lower priced gas costs lately.
This comes as the federal reserve lowered interest rates for the first time in four years — which has the potential to help your wallet, too.
According to AAA, the average price of gas in Connecticut today is $3.16 per gallon. But GasBuddy shows you can find gas in Connecticut for as low as $2.66.
“When I saw $2.89 I thought ‘this is great,’” driver Kristine Lindgren, of Berlin, said.
“Very happy because I’m travelling,” Maria Macidorek, of Berlin, said.
Drivers say paying under three dollars for gas is a welcome change after a rollercoaster few years of gas prices.
AAA data shows some days in 2021 had gas price averages as low as $2.27, where some days in 2022 averaged a record high at $4.98.
AAA says this day last year, the average price of gas was $3.86.
“It’s nice to see them low and all,” driver Richard Kozloski, of Berlin, said.
Drivers say prices don’t change their driving habits, but they’re happy to take what feels like a discount.
“I have to go to work anyway but I’m happy they’re lower,” Macidorek said.
“You gotta get the gas, so you pay what it is,” Lindgren said.
“It depends on what your reference point is. Versus a year ago, we’re down about 70 cents in Connecticut versus two years ago, it’s another 50 or 60 cents. Versus four or five years ago, it’s way up,” said John Rosen, an adjunct professor of economics at the University of New Haven.
Rosen said the global price of oil is down over the past year or so, trickling down to what you pay at the pump. He said a small portion of what makes gas prices fall is based on the season as well.
Simultaneously — with interest rates lowered for the first time in years — Rosen said the combination of falling gas prices and the interest rate cut could be good news for consumers.
“Both declining oil prices and declining interest rates, which makes it easier to pay your credit card bill, easier to buy a home. So you have both of them going down in and they’re both very much like a tax cut,” Rosen said.
He says whether this lowering of interest rates ends up being a positive for the economy has yet to be seen. Also, due to world events impacting the cost of oil, he said gas prices are unpredictable, too.
Ten adults and one dog are displaced after a fire at the 1100 block of Pembroke Street in Bridgeport.
The Bridgeport Fire Department responded to a report of heavy smoke from the third floor at around 3:30 p.m. on Saturday.
Firefighters located the fire and quickly extinguished it.
There are no reports of injuries.
The American Red Cross is currently working to help those who were displaced.
The Fire Marshal’s Office is still investigating the incident.
A woman was rushed to the hospital after being seriously hurt in a fire Saturday in Rocky Hill.
This all unfolded during the late morning hours at a home on Main Street.
Fire officials say they had to rescue the woman from the home and her injuries are considered life threatening.
Hoarding conditions did a play a factor in the fire, according to the fire department.
No other injuries were reported. Further details pertaining to the fire weren’t immediately available.
The cause of the fire is under investigation.
DALLAS (WTNH) — A New London-based group is partnering with a Texas-based restaurant planning to open its first locations in Connecticut.
New London Hospitality has signed a new area development agreement with Twin Hospitality Group Inc., the parent company of Twin Peaks Restaurant, for the development rights of three future locations in the state, according to a press release from Twin Peaks.
The release lists New Haven, Hartford, Waterbury, Danbury and Stamford or Bridgeport as potential markets.
According to the release, New London Hospitality is run by Deepak Verma and Kam Singh, who have experience in the hospitality industry and have worked with major hotel brands including Hilton, Red Roof Inn and Choice Hotels.
“Deepak and Kam bring a powerful combination of hospitality expertise and operational discipline,” Twin Peaks CEO Kim Boerema said in the release. “Their experience growing multi-unit concepts makes them ideal partners as we enter Connecticut. We are confident they will help anchor Twin Peaks as a new favorite for sports fans throughout the state.”
Twin Peaks describes itself as “the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs.”
“Twin Peaks delivers everything guests want in a sports bar — scratch-made food, 29-degree draft beer, and the best place to catch every game,” Verma said. “We look forward to introducing the brand’s signature lodge experience and welcoming Twin Peaks girls to Connecticut, establishing a new home base for local sports fans and food enthusiasts.”
Twin Peaks was founded in 2005 in Lewisville, Texas, a suburb of Dallas. There are 114 locations in the United States and Mexico. The closest location to Connecticut is in Pittsburgh, Pennsylvania.
This City’s Best Winter Show Is in Its Pitch-Dark Skies
When a loved one dies, where do they go? A new kids’ book suggests ‘They Walk On’
In No Other Choice, the real job killer is this guy
Manhunt underway in South Africa after gunmen open fire at tavern, killing 9 and wounding 10
DNI Gabbard warns ‘Islamist ideology’ threatens Western freedom at AmFest
Florida High School Football Rankings: Top 25 teams – Oct. 21
Cleary's 21 help Le Moyne down Central Connecticut State 69-64 in OT
How old is Bo Nix? What to know about Oregon quarterback ahead of 2024 NFL Draft
99th annual Pony Swim held in Virginia
Video: ‘It Didn’t Have to Happen This Way:’ U.Va. Faculty Call for Review of Police Response to Protests
DNI Gabbard warns ‘Islamist ideology’ threatens Western freedom at AmFest
Algeria bill seeks to criminalise French colonial rule: What to know
Russia says talks on US peace plan for Ukraine ‘are proceeding constructively’
Video: First Batch of Epstein Files Provides Few Revelations
FBI Director Kash Patel says bureau ramping up AI to counter domestic, global threats
-
Iowa6 days agoAddy Brown motivated to step up in Audi Crooks’ absence vs. UNI
-
Iowa1 week agoHow much snow did Iowa get? See Iowa’s latest snowfall totals
-
Maine5 days agoElementary-aged student killed in school bus crash in southern Maine
-
Maryland6 days agoFrigid temperatures to start the week in Maryland
-
South Dakota7 days agoNature: Snow in South Dakota
-
New Mexico4 days agoFamily clarifies why they believe missing New Mexico man is dead
-
World1 week agoCoalition of the Willing calls for transatlantic unity for Ukraine
-
Detroit, MI6 days ago‘Love being a pedo’: Metro Detroit doctor, attorney, therapist accused in web of child porn chats