After several weeks of decreases, the price for a gallon of gas in Massachusetts spiked this past week

Westwood, MA, January 23, 2023 — After several weeks of decreases, the price for a gallon of gas in Massachusetts has seen a spike this past week.

According to AAA, the average gas price in Massachusetts is up 7 cents from last week ($3.30), averaging $3.37 per gallon. Today’s price is 2 cents lower than a month ago ($3.39), and 1 cent higher than January 23, 2022 ($3.36). Massachusetts’ average gas price is 5 cents lower than the national average.

“Gas prices are up as crude oil prices have risen to levels not seen since mid-November thanks to expectations that cooling inflation will spike demand in the United States and China’s economy bounces back from COVID-related shutdowns,” said Mary Maguire, AAA Northeast Vice President of Public and Government Affairs. “Even though national crude inventories have rebounded and are now substantially above average, some of the surplus is due to a drop in refinery output in recent weeks.”

AAA Northeast’s January 23 survey of fuel prices found the current national average to be 12 cents higher than last week ($3.30), averaging $3.42 a gallon. Today’s national average price is 33 cents higher than a month ago ($3.09), and is 10 cents higher than this day last year ($3.32).