FRAMINGHAM – Massachusetts’s average gas price is down 11 cents from last week ($4.63), averaging $4.52 per gallon, according to AAA Northeast.
Today’s price is 42 cents lower than a month ago ($4.94), and $1.50 higher than July 25, 2021 ($3.02). Massachusetts’s average gas price is 17 cents higher than the national average.
Nationally, lackluster demand for gas and lower oil prices have led to pump prices falling again, down 17 cents since last week to $4.35. The steady decline is due to low domestic demand for gasoline and oil prices that remain in the mid-$90s per barrel. The price of gas has now fallen every day since hitting a record $5.01 on June 14.
“Consumers appear to be taking the pressure off their wallets as they enjoy fuel prices down 11% since their peak in mid-June,” said Mary Maguire, AAA Northeast Director of Public and Government Affairs,.”
“And there’s reason to be cautiously optimistic that pump prices will continue to fall in the near-term, particularly if the global price for oil does not spike. But the overall situation remains very volatile,” she said in a press release.
AAA Northeast’s July 25 survey of fuel prices found the current national average to be 17 cents lower than last week ($4.52), averaging $4.35 a gallon.
Today’s national average price is 55 cents lower than a month ago ($4.90), and $1.20 higher than this day last year ($3.15).
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*Prices as of July 25, 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.