Gas Prices in Massachusetts Dip for Second Straight Week

According to the recent report of Southern New England’s AAA, a gallon of self-serve, regular gas in Massachusetts dropped 2 cents, just like it had in the past week, resulting in an average gasoline price today of $3.41 a gallon.

Prices had increased 5 cents over the last two weeks prior to the latest two-week decline.

They are higher by 11 cents compared to the national average. However, they are lower by a cent versus the same period in the past year.

Based on the public figures, the price of regular gas in Massachusetts dropped 1.6 cents to an average of $3.45 per gallon.

In Rhode Island, the price of regular gas fell for the first time this year as it dropped 2 cents over the past week to an average of $3.51 per gallon, according to the AAA.

The current gasoline price average at the national level is already behind by 9 cents a gallon versus its level last year, which is a more positive than expected start for the New Year.

The stable prices of gas are being attributed to increasing inventories of gasoline.  Moreover, oil’s sufficient supplies and lower demand are anticipated to control prices, said analysts.

The country’s lowest gasoline price today is $2.35 per gallon in Wyoming. Massachusetts’ AAA found a gallon of self-serve, regular gas selling for a low $3.25 and a high of $3.65. The average for Midgrade gas is $3.63, selling within the range of $3.41 to $3.95. The average of premium gas is $3.76, ranging from $3.51 to $4.09. Lastly, the average price of diesel is $3.99 per gallon.

By: Chris Termeer