Near document ranges of vacation site visitors didn’t cease fuel costs from declining because the calendar turned to 2024 and hundreds of thousands of Americans hit the roads between Christmas and New Year’s Day.
Massachusetts fuel costs proceed to fall within the newest survey, with the typical worth down 3 cents a gallon from final week – the second consecutive week with the identical decline. After the primary improve since September, the nationwide common additionally fell.
Drivers trying to refill can anticipate to pay a mean worth of $3.20 gallon now, 17 cents decrease than a month in the past and 15 cents decrease than a yr in the past, based on AAA Northeast.
Despite the continued decline, the Bay State’s common fuel worth is 10 cents greater than the nationwide common of $3.10, a two-cent drop from final week’s $3.12, AAA Northeast figures present.
The development is holding tight amid ongoing tensions within the important Red Sea transport hall attributable to militants attacking cargo ships, which has created upward strain on oil costs. Crude oil costs spiked up sharply within the first buying and selling session of 2024.
“Ample supply of gasoline is keeping a lid on prices and oil traders seem to be shrugging off the situation in the Red Sea for now,” Senior Spokesperson for AAA Northeast Mark Schieldrop stated in a launch. “Prices could remain lower for the time being since demand typically cools in January.”
Motorists can discover the state’s least expensive fuel costs in Hampden County which is averaging $3.01 per gallon. Bristol and Franklin counties are shut behind at $3.04 and $3.05, respectively, AAA Northeast figures present.
Nationally, the typical worth per gallon is down 17.3 cents from a month in the past and 12.6 cents decrease than a yr in the past, based on GasBuddy knowledge compiled from greater than 12 million particular person worth studies protecting over 150,000 fuel stations throughout the nation.
The states with the bottom common costs are Oklahoma ($2.59), Mississippi ($2.62), and Arkansas ($2.63). The states with the best are California ($4.64), Hawaii ($4.55), and Washington ($4.05), GasBuddy figures present.
“After a brief hiatus, the national average has moved off its recent high, again falling closer to the $3 per gallon mark, setting up a potential second attempt at slipping below $2.99 for the first time since 2021,” stated Patrick De Haan, head of petroleum evaluation at GasBuddy. “While gas prices have risen in some areas, such as California after refinery snags emerged, other states have returned to declines.”
Source: www.bostonherald.com”