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FRAMINGHAM – The average price for a gallon of gasoline in Massachusetts is up 19 cents this week to $4.35 a gallon, according to AAA Northeast, which has a location in Framingham.
Today’s price is 86 cents higher than a month ago ($3.49), and $1.60 higher than March 14, 2021 ($2.75).
Massachusetts’s average gas price 3 cents higher than the national average.
After cresting above $123 per barrel shortly after Russia’s invasion of Ukraine, the price of crude oil has gradually fallen below $110. If this trend holds, it may remove some of the extreme upward price pressure consumers have found at the pump, but not all.
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“It bears reminding that the cost of oil accounts for about 50% of what drivers pay at the pump,” says Mary Maguire, Director of Public/Government Affairs. “This war is roiling an already tight global oil market and making it hard to determine if we are near a peak for pump prices, or if they keep grinding higher. It all depends on the direction of oil prices.”
AAA Northeast’s March 14 survey of fuel prices found the current national average to be 26 cents higher than last week ($4.06), averaging $4.32 a gallon.
Today’s national average price is 84 cents higher a month ago ($3.48), and $1.47 higher than this day last year ($2.85).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago | |||||
| Massachusetts | $4.35 | $4.16 | $3.49 | $2.75 | |||||
| Rhode Island | $4.35 | $4.17 | $3.48 | $2.76 | |||||
| Connecticut | $4.46 | $4.28 | $3.62 | $2.87 |
*Prices as of March 14, 2022
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