FRAMINGHAM – Massachusetts’s average gas price is up five cents from last week ($2.64), averaging $2.69 per gallon, according to AAA Northeast, which has an office in Framingham.
Today’s price is 25 cents higher than a month ago ($2.44), and 26 cents higher than March 8, 2020 ($2.43).
Massachusetts’s average gas price is 8 cents lower than the national average.
Pump prices are increasing as refinery utilization is at an all-time low and crude oil prices surged by more than $2 to $66 a barrel on Friday, the highest price in nearly two years. The jump in crude followed the Organization of the Petroleum Exporting Countries’ and their allies’, collectively known as OPEC+, surprise decision to minimally increase production in April.
“With crude oil prices back on the rise, we could see the national average climb towards $2.90 this spring with some relief by early summer,” said Mary Maguire, AAA Northeast Director of Public and Government Affairs, in a press release. “The last time we saw the national average flirt with $3 was nearly three years ago in May 2018. At that time, crude was averaging about $71 per barrel.”
AAA Northeast’s March 8 survey of fuel prices found the current national average to be 5 cents higher than last week ($2.72), averaging $2.77 a gallon.
Today’s national average price is 31 cents higher than a month ago ($2.46), and 39 cents higher than this day last year ($2.38).
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*Prices as of March 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.