Massachusetts gas prices on the way down
BOSTON (AP) — Concerns about the new coronavirus as well as an ongoing crude price war has helped drive Massachusetts gas prices down, AAA Northeast said Monday.
The organization’s latest price survey found self-serve, regular selling for an average of $2.29 per gallon, 7 cents lower than the week-ago price.
The Massachusetts price is 4 cents higher than the national per-gallon average of $2.25. A year ago, the average price in Massachusetts was 15 cents higher at $2.44 per gallon.
“Pump prices are declining significantly as the global economy faces downward pressure from COVID-19 fears and the ongoing crude price war between Russia and OPEC nations,” AAA spokeswoman Mary Maguire said in a statement. “Consumers can expect to see continued savings as the industry factors in a fully 50% decrease in the price of a barrel of oil since mid-January.”
AAA found regular gas selling in Massachusetts for as low as $1.99 per gallon to as high as $2.69 per gallon.