Average gas price in Massachusetts drops a cent — will it last?

The typical fuel value in Massachusetts dropped a cent Thursday after reaching an all-time excessive on Sunday.

In keeping with AAA’s fuel value tracker, the typical fuel value within the Bay State was $5.039 per gallon of unleaded fuel Thursday, down from $5.045 per gallon on Wednesday.

On Sunday, the typical fuel value in Massachusetts broke information once more, because it has many occasions all through the spring of 2022, reaching $5.049 per gallon. Fuel costs within the state hovered round this excessive quantity all through the week, up till Thursday.

Whereas the information brings some hope for drivers who really feel they’re getting hosed on the pump, it’s unclear whether or not or not fuel costs will proceed to go down, or whether or not that is only a momentary dip.

Prior to now few weeks, fuel costs have jumped as dramatically as 27 cents week over week. Only a month in the past, the typical fuel value in Massachusetts was $4.602 per gallon.

AAA mentioned earlier this week that fuel costs are persevering with to climb as a result of excessive price of a barrel of oil, and demand persevering with to outpace provide, regardless of efforts to extend provide by tapping into world reserves.

Massachusetts continues to have the next common fuel value than the nation, which is presently at $5.009 — a file set Thursday. This additional alerts that fuel costs is probably not declining total.

Throughout the state, Dukes and Nantucket Counties proceed to have the best fuel costs, at $6.050 and $5.982 per gallon, respectively. Hampden and Bristol Counties have the bottom fuel costs, at $4.948 and $4.962, respectively.

Franklin, Hampshire, and Berkshire Counties have additionally been capable of preserve a median fuel value just below $5.