The following is a press release submitted to SOURCE media
FRAMINGHAM – Massachusetts’s average gas price is up five cents from last week ($2.39), averaging $2.44 per gallon, according to AAA Northeast, which has an office in Framingham.
Today’s price is 19 cents higher than a month ago ($2.25), and 7 cents cheaper than February 8, 2020 ($2.51).
Massachusetts’s average gas price is 2 cents lower than the national average.
Crude oil increased last week following Organization of the Petroleum Exporting Countries’ (OPEC) decision to keep their production cuts unchanged—a decision influenced by the ongoing impact of the pandemic on gasoline demand. Crude has not been priced this high since January 2020. Typically, it can take a few weeks before pump prices see the impact of more expensive crude, and with crude accounting for more than 50% of the retail price, increases are no doubt going to continue.
“Consumers can expect to continue paying more to fill up this month, potentially up to 10 cents more a gallon, depending on how high crude goes,” said Mary Maguire, AAA Northeast Director of Public and Government Affairs. “If demand grows, that will further fuel pump price increases.”
AAA Northeast’s February 8 survey of fuel prices found the current national average to be 4 cents higher than last week ($2.42), averaging $2.46a gallon.
Today’s national average price is 16 cents higher than a month ago ($2.30), and 2 cents higher than this day last year ($2.44).
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*Prices as of February 8, 2021
AAA Northeast is a not-for-profit auto club with 70 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and New York, providing more than 6 million local AAA members with travel, insurance, finance, and auto-related services.