AAA: Massachusetts Gas Prices 5 Cents Lower Than National Average
FRAMINGHAM – The average gas price in Massachusetts is down 1 cent from last week ($3.43), averaging $3.42 per gallon, according to AAA Northeast, which has an office in Framingham.
Today’s price is 8 cents higher than a month ago ($3.34), and 2 cents lower than February 6, 2022 ($3.44).
Massachusetts’ average gas price is 5 cents lower than the national average.
The national average for a gallon of gas barely budged over the past week, drifting lower by three cents to $3.47. Last week’s decision by OPEC+ to maintain current production levels and not make any cuts led to lower oil prices.
But Friday’s blockbuster U.S. report of 517,000 jobs added in January, dropping the unemployment rate to a 54-year low of 3.4%, may have the opposite effect. Are recession fears fading, and could a healthier global economy lead to more demand for oil and higher prices?
“Keep an eye on the price of oil,” said Mary Maguire, AAA Northeast Vice President of Public and Government Affairs, “because oil currently accounts for nearly 60% of what we pay at the pump. And rising or falling oil prices can have a direct impact on motorists’ wallets.”
AAA Northeast’s February 6 survey of fuel prices found the current national average to be 3 cents lower than last week ($3.50), averaging $3.47 a gallon.
Today’s national average price is 18 cents higher than a month ago ($3.29), and is 4 cents higher than this day last year ($3.43).
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*Prices as of February 6, 2023
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.