GAS PRICES DOWN (NOT UP) HEADING INTO THE BUSY JULY 4TH WEEKEND, SAYS AAA
Posted: June 26th, 2017
Gasoline prices in Massachusetts dropped one cent this week, and are at the lowest point for this date since back in 2005, according to AAA Northeast. Record refinery production rates, and high gasoline and crude oil inventory are among the contributing factors causing these lower prices.
AAA’s June 26 survey of prices in Massachusetts finds self-serve, regular unleaded averaging $2.20 per gallon. The Massachusetts price is six cents below the national average for regular unleaded of $2.26. A year ago at this time, the average price in Massachusetts was 5 cents higher at $2.25.
“Last week, the Energy Information Administration noted that U.S. refinery capacity has increased by 659,000 barrels per day since mid-August 2015, which is the equivalent of building a new refinery,” said Mary Maguire, Director of Public and Legislative Affairs for AAA Northeast. “Prices nationally have fallen for 24 consecutive days.”
The range in prices in the latest AAA survey for unleaded regular is 40 cents, from a low of $2.01 to a high of $2.41. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up — every time.
Today’s local gas prices and their ranges are as follows:
Self Serve Grade
$2.20 ($2.01-$2.41) Regular Unleaded
$2.46 ($2.31-$2.69) Midgrade Unleaded
$2.64 ($2.43-$2.95) Premium Unleaded
$2.45 ($2.35-$2.69) Diesel
Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto AAA.com and clicking on Gas Saving Tips & Tools.