Massachusetts
Massachusetts Gas Prices Up 6 Cents; Recent Downward Trend ‘Has Reversed’
BOSTON (CBS) — After a number of consecutive weeks of falling costs on the pump, the price of fuel in Massachusetts goes up once more. AAA mentioned the common fuel worth within the state is up 6 cents from final week to $4.13 per gallon.
“The latest dip in pump costs has reversed,” AAA mentioned in an announcement. The typical fuel worth in Massachusetts is a penny increased than the nationwide common.
Oil costs are about $100 a barrel. Whereas demand for oil in China may sluggish resulting from a COVID surge, the Russian invasion of Ukraine remains to be preserving costs excessive.
“So long as the value of oil stays elevated, the value on the pump will battle to fall,” AAA Northeast’s Mary Maguire mentioned. “Customers could also be catching just a little break from March’s record-high costs, however don’t anticipate any dramatic drops.”
The typical value of fuel in Massachusetts is 12 cents decrease than a month in the past and $1.30 increased than this time final yr.