Wednesday, 24 October, 2018

MA gas prices climb 5 cents per gallon, to $2.48

MA gas prices climb 5 cents per gallon, to $2.48 MA gas prices climb 5 cents per gallon, to $2.48
Isabel Fisher | 09 January, 2018, 01:02

The start of the new year saw an increase in gas prices, with the national average price for a gallon of gasoline costing $2.49, an increase of five cents on the week. "Unfortunately, springtime is a springboard for prices at the pump, and we may see a 40- to 50-cent jump by the summer".

According to GasBuddy, gas prices on Sunday were 2.4 cents per gallon higher than the same day a year ago and 2.6 cents more per gallon than a month ago. The Florida average of $2.44 was unchanged.

AAA found regular gas in MA for sale as cheaply as $2.31 per gallon and as expensive as $2.79 per gallon.

Prices at the pump remain elevated due to strong oil prices.


At the close of trading Friday, West Texas Intermediate crude oil settled at $61.44 per barrel, $1.02 higher than the previous week. However, historical data shows that in early January demand typical drops and stays below the 9 million mark for the first few months of the year.

Gas prices were up across the Northeast, AAA said. Then reduced winter demand pushes them lower for the next month or two. Since last autumn's maintenance season was interrupted by hurricanes, this spring is likely to be more active than usual for refineries, putting the price hike on the higher end of that 30- t0 75-cent scale, AAA said.

Daily local news headlines from across Gwinnett County.

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