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Unrest in Libya Boosts Stamford Gas Prices

Every time you drive, you’re subject to the effects of unrest in Libya. Political disturbance in the African nation is hitting close to home, with gas prices in Stamford rising to a high of just under $4 a gallon this past weekend. Oil output in Libya has been severely cut back, Reuters reports, and the price of crude oil has jumped to more than $100 a barrel, affecting prices at the pump.

This weekend, prices for regular gas in Stamford ranged from a low of about $3.45 at the Citgo station at Hope and Fahey streets to a high of about $3.95 at the Shell station at Hope and Knapp streets, Connecticutgasprices.com reported.

Average prices for the city were seen at the Gulf station at 1125 East Main St. and the Shell station at 179 Shippan Ave. Each sold regular gas for about $3.57 per gallon.

Average gas prices in Stamford this weekend were above both the national and the state average, reports connecticutgasprices.com. The national average was about $3.328 per gallon, while the average price in Connecticut was about $3.491 per gallon.

Pundits are concerned the political unrest in Libya could spread to other parts of the oil-producing region, possibly driving prices higher. In addition, rising gas prices could skew the course toward economic recovery that many had predicted for 2011-2012.

Monitoring organizations report that the rising gas prices in Stamford are being mirrored throughout the country. You can expect the increase to continue, at least for the short term, as Libya remains politically unstable.

What’s the highest gas price you’ve seen in Stamford?

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