July 15, 2024

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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.”