Economy
Massachusetts gas prices could finally be starting to cool according to AAA
Westwood, MA, Sept. 25, 2023 —Regional gasoline prices, which have remained elevated in September thanks to oil prices surging above $90 a barrel, could finally be starting to cool on seasonal demand declines and the switchover to winter blend fuel.
According to AAA, the average gas price in Massachusetts is the same as last week ($3.77), averaging $3.77 per gallon. Today’s price is one cent higher than a month ago ($3.76), and 19 cents higher than Sept. 18, 2022 ($3.58). Massachusetts’ average gas price is 7 cents lower than the national average.
“The national average recently dropped, which is typical for this time of year and we’re starting to see similar forces affecting pump prices in the Northeast,” said Mark Schieldrop, Senior Spokesperson for AAA Northeast. “Prices typically fall this time of year as demand decreases and refiners switch to producing less-expensive winter blend gasoline. But the seasonal decline is being slowed this year by higher oil costs and extensive refinery downtime affecting our region.”
AAA Northeast’s Sept. 25 survey of fuel prices found the current national average to be four cents lower than last week ($3.88), averaging $3.84 a gallon. Today’s national average price is two cents higher than a month ago ($3.82) and is 13 cents higher than this day last year ($3.71).
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