July 15, 2024


Full Of Eastern Travel

OPEC manufacturing cuts maintain Mass. gas prices on the increase

Motorists gas up at the Shell station on Main Street in Hudson, Feb. 7, 2021.

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.”