FRAMINGHAM – Massachusetts’s average gas price is down 9 cents from last week ($4.35), averaging $4.26 per gallon, announced AAA Northeast today, March 21.
Today’s price is 72 cents higher than a month ago ($3.54), and $1.50 higher than March 21, 2021 ($2.76).
Massachusetts’s average gas price 1 cent higher than the national average.
After hitting a record $4.33 on March 11, the national average for a gallon of gasoline has fallen to $4.25. The primary reason is the lower global price of crude oil, which peaked shortly after Russia launched its war in Ukraine, but is now more than $20 lower and hovering near $105/bbl. Domestically, gasoline demand is defying seasonal trends and has dipped slightly, perhaps in response to higher prices at the pump.
“Usually this time of year, with warmer weather and longer days, we’d see an uptick in gasoline demand as more people hit the road,” says Mary Maguire, Director of Public/Government Affairs. “But demand was down slightly last week, likely due in part to higher pump prices. As geopolitical tensions continue unabated, we can expect to see more volatility in oil prices, leading to significant fluctuations in the price of gasoline and diesel in the near-term.”
AAA Northeast’s March 21 survey of fuel prices found the current national average to be 7 cents lower than last week ($4.32), averaging $4.25 a gallon.
Today’s national average price is 72 cents higher a month ago ($3.54), and $1.37 higher than this day last year ($2.88).
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*Prices as of March 21, 2022
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.