The typical price tag for a gallon of regular unleaded gasoline bought in Massachusetts is now $2.44, up 5 cents from very last week, according to a weekly study done by AAA Northeast.
The state’s existing typical is 19 cents higher than a thirty day period in the past but 7 cents more cost-effective than it was at this time a 12 months ago.
Massachusetts’ average gas cost is 2 cents reduce than the countrywide ordinary of $2.46.
Industry experts blame the price increase on crude oil prices, which increased previous 7 days subsequent Organization of the Petroleum Exporting Countries’ (OPEC) conclusion to preserve their output cuts unchanged — a final decision affected by the ongoing impression of the pandemic on gasoline demand.
“Consumers can assume to continue on paying out a lot more to fill up this month, likely up to 10 cents far more a gallon, depending on how large crude goes,” stated Mary Maguire, AAA Northeast’s director of general public and government affairs, in a statement. “If demand from customers grows, that will additional fuel pump rate will increase.”
Crude has not been priced this high since January 2020. Normally, it can acquire a few months prior to pump price ranges see the effect of extra high-priced crude, and with crude accounting for additional than 50% of the retail price, will increase are no question going to carry on.
The lowest priced rate for a gallon of common unleaded gasoline in MetroWest is $2.21 at Primary Electricity on Waverly Road (Rte. 135) in Framingham and at Ashland Vehicle Assistance Heart on Homer Avenue in Ashland, in accordance to gasbuddy.com.
AAA Northeast is a nonprofit automobile club with 70 places of work in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and New York, delivering far more than 6 million community AAA associates with vacation, insurance plan, finance, and automobile-similar products and services.