Gas prices stay down despite OPEC decision, Ike

Local experts say that the usual factors that would possibly increase gas prices have not made that much of an impact in southwestern Connecticut and

NORWALK - Local experts say that the usual factors that would possibly increase gas prices have not made that much of an impact in southwestern Connecticut and around the country recently.

With the announcement of a production cut from OPEC and Hurricane Ike bearing down upon Texas, drivers may expect gasoline prices to skyrocket. But experts say that may not be the case.

With gas consumption down for the first time in 26 years and the strength of the U.S. dollar rising, the bullish factors that would have affected pump prices are having a reverse effect. Drivers are instead seeing a slow decline in prices.

?It's totally crazy,? says oil industry expert Peter Beutel. ?I've never seen anything like it.?

Beutel acknowledged the importance of conserving energy and reducing gasoline consumption in order to keep the price at the pump manageable.

advertisement | advertise on News 12

Trending Video

1 Healthy Heart: Heart attack symptoms in women
2 12 on Health: Foods that help fight diseases
The event was originally supposed to be held 3 1,000 pack Norwalk City Hall for Himes town hall meeting
4 Jericho girl performs in national tour of 'Annie: The Musical'
First-grade teacher Victoria Soto was shot as she 5 Fundraiser to benefit scholarship fund in honor of Sandy Hook teacher

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE