WESTWOOD, MA (FRANKLIN COUNTY NOW) — As oil prices slide, pump prices continue to trend lower across the Northeast despite strong domestic demand for gasoline and tightening supplies.
The average gas price in Massachusetts is down two cents over last week ($3.50), averaging $3.48 per gallon. Today’s price is two cents higher than a month ago ($3.46) and 17 cents lower than this day last year ($3.65). Massachusetts’s average gas price is two cents lower than the national average.
“Even though domestic refiners are humming, oil and gas markets are cooling on ho-hum global demand,” said Mark Schieldrop, Senior Spokesperson, AAA Northeast. “Typically, drawdowns in oil and gasoline inventories put pressure on pump prices, but at the end of the day, cheaper oil is driving market prices for now.”
AAA Northeast’s July 29 survey of fuel prices found the current national average unchanged from last week ($3.50), averaging $3.50 a gallon. Today’s national average price is a penny higher than a month ago ($3.49) and 24 cents lower than this day last year ($3.74).