Greater Hartford gasoline prices have been dropping for the past week, and on Wednesday dropped below prices from a year ago -- the first time that has happened since 2008, according to the AAA Daily Fuel Gauge Report.
The price of regular unleaded fell to $4.11 per gallon on Wednesday, down 3.9 cents from a week ago. Unleaded prices have been dropping slowly since Thursday, offering a reprieve at the pump for motorists and fleet managers who have seen prices escalated since the start of the year.
The drop also puts Wednesday's price below the price from a year ago at $4.132 per gallon, when gasoline prices were going through an early-year increase, similar to this year.
The price of gasoline has been trending upward since 2008 when prices were around $4 per gallon but dropped drastically in the latter half of the year as the commodity price of a barrel of oil tanked. At that point, the price per gallon of regular unleaded bottomed out in Connecticut around $1.50 per gallon.
Since that second half of 2008, the price per gallon of unleaded gasoline has been steadily rising in Connecticut before inching above $4 per gallon in 2011. Prices fell back below that milestone in the latter half of the year, reaching around $3.50 per gallon before increasing again at the start of 2012.