Massachusetts
Gas prices soar to $5 per gallon, reaching record high in Massachusetts
Gasoline costs in Massachusetts have reached a brand new file excessive. The typical value within the Bay State for a daily gallon of fuel is now $5.Costs climbed 4 cents in the course of the previous 24 hours alone. That is the very best it has ever been, and it is a 27-cent soar from one week in the past. Analysts say demand retains going up regardless of the file prices.The nationwide common is $4.91, which is up 29 cents from one week in the past. State averages throughout all of New England are greater than that. “I believe the Northeast is extra as a result of all the pieces already prices extra right here than in lots of different elements of the nation. So for those who’re sort of middle-class, working class, blue-collar… you feel it,” stated Paul Craney of Massachusetts Fiscal Alliance. Analysts stated the nationwide common may hit $6 per gallon by Labor Day. They blame a spike in demand popping out of the COVID-19 pandemic and Russia’s invasion of Ukraine for creating the right storm.
Gasoline costs in Massachusetts have reached a brand new file excessive. The typical value within the Bay State for a daily gallon of fuel is now $5.
Costs climbed 4 cents in the course of the previous 24 hours alone. That is the very best it has ever been, and it is a 27-cent soar from one week in the past.
Analysts say demand retains going up regardless of the file prices.
The nationwide common is $4.91, which is up 29 cents from one week in the past. State averages throughout all of New England are greater than that.
“I believe the Northeast is extra as a result of all the pieces already prices extra right here than in lots of different elements of the nation. So for those who’re sort of middle-class, working class, blue-collar… you feel it,” stated Paul Craney of Massachusetts Fiscal Alliance.
Analysts stated the nationwide common may hit $6 per gallon by Labor Day. They blame a spike in demand popping out of the COVID-19 pandemic and Russia’s invasion of Ukraine for creating the right storm.