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.
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Popular Hartford Food Hall Decked Out For World Cup
HARTFORD, CT — A popular culinary destination in Connecticut’s capital city says it will be the place to be to watch the biggest sporting event on the planet.
Parkville Market in Hartford will kick off its “Summer of Soccer” celebration June 11 with a watch party for the Mexico-South Africa match, launching a series of soccer-themed events planned throughout the summer.
The Hartford food hall will broadcast matches both inside the venue and on its outdoor patio.
Organizers said opening-day activities will include face painting, custom T-shirt making, giveaways and a 360-degree photo booth.
Parkville Market’s 22 food vendors, which feature cuisines from around the world, are expected to be a central part of the experience as visitors gather to watch international soccer matches.
In addition to match broadcasts, visitors can use the venue’s new mini soccer pitch outside.
Organizers encouraged guests to bring their own soccer balls and play during events.
“Soccer is the world’s game, and Parkville Market is where the world comes together,” said Carlos Mouta, owner and CEO of Parkville Market. “And let’s go Portugal!”
Special event activations are planned for June 11, June 27 and the tournament final on July 19, according to organizers.
Located at 1400 Park St. in Hartford, Parkville Market is Connecticut’s first and largest food hall. The venue includes 22 restaurants, three bars, private event spaces and outdoor dining areas.
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