Gas Prices in Massachusetts Fall from Last Week According to AAA, the average price of a gallon of regular gas in Massachusetts is currently $3.24, down from $3.30 last week. This represents a decrease of 6 cents, or 1.8%. The average price in Massachusetts is still higher than the national average of $3.17, but it is down from the $3.41 average recorded last month. The decline in gas prices in Massachusetts is consistent with a national trend. Gas prices have been falling across the country in recent weeks due to several factors, including a decrease in global oil demand and an increase in domestic oil production. In Massachusetts, the decrease in gas prices is providing some relief to drivers who have been struggling with high gas costs in recent months. However, prices are still significantly higher than they were a year ago, when the average price of a gallon of regular gas was $2.68. Drivers in Massachusetts can expect to see continued fluctuations in gas prices in the coming weeks and months. However, the current downward trend is a positive sign for drivers and could lead to further savings at the pump. To find the lowest gas prices in your area, check out websites like GasBuddy and AAA Gas Prices.Gas Prices Continue to Decline in Massachusetts and Nationwide
Gas Prices Continue to Decline in Massachusetts and Nationwide Gas prices in Massachusetts have dropped for the second consecutive week, reaching an average of $3.45 per gallon for regular fuel on Monday. This marks a reduction of 5 cents per gallon from last week’s average of $3.50, according to data from the U.S. Energy Information Administration. The average price of fuel in the state has decreased by approximately 11 cents since last month. In January 2024, gas prices in Massachusetts were as low as $3.07 per gallon, while they reached a high of $3.76 in August 2023. Compared to a year ago, gas prices in Massachusetts have decreased slightly. At this time last year, the average price per gallon was $3.50, which is 1% higher than the current rate. Nationwide, gas prices also experienced a slight decline last week, averaging $3.43 per gallon. This represents a drop of 9 cents from the previous week’s average of $3.52. Massachusetts gas prices remain slightly higher than the national average, by approximately 0.6%. This decline in gas prices follows a period of relative stability at the beginning of the year. However, analysts expect prices to continue to fluctuate in the coming months due to factors such as supply and demand, geopolitical events, and global economic conditions.
Gas Prices in Massachusetts Fall from Last Week According to AAA Northeast, gas prices in Massachusetts have decreased from last week. As of Monday, the average price for a gallon of regular unleaded is $4.85, which is down 10 cents from last week’s average of $4.95. The decrease comes as the price of crude oil has fallen in recent days. On Friday, the price of a barrel of West Texas Intermediate crude oil settled at $118.11, which is down from $123.70 the previous week. The drop in gas prices is a welcome relief for Massachusetts drivers, who have been paying some of the highest prices in the country in recent months. However, prices are still significantly higher than they were a year ago. At this time last year, the average price for a gallon of regular unleaded in Massachusetts was $3.19. Experts say that it is too early to tell if the recent decrease in gas prices will continue. However, they note that the global economy is slowing down, which could lead to a decrease in demand for oil and a further decline in prices.
