MA gas prices up by a penny, expected to fall


MA gas prices up by a penny, expected to fall

Gasoline prices are falling in northern New England.

"With the exception of some Great Lakes states where prices tend to be volatile, average gas prices moved lower in almost the entire country in the last week", said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Well, gas prices may remain relatively stable around where they are today at $2.48 a gallon", he says. "AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump".

Gas Buddy analyst Patrick DeHahn says prices are not expected to drop much more in the near future. The national average has decreased 11.2 cents per gallon during the last month and stands 23.9 cents per gallon higher than this day one year ago. It was the second consecutive week that the Marquette area had the highest average.

The nation's top ten least expensive markets are: Oklahoma ($2.19), Alabama ($2.20), SC ($2.21), MS ($2.21), Arkansas ($2.22), Missouri ($2.22), Texas ($2.22), Tennessee ($2.25), Louisiana ($2.27) and Virginia ($2.27).

"With the exception of some Great Lakes states where prices tend to be volatile, average gas prices moved lower in almost the entire country in the last week", said Patrick DeHaan, head of petroleum analysis for GasBuddy. The region is home to the top five states with the cheapest gas in the country: Oklahoma ($2.19), Alabama ($2.20), SC ($2.21), MS ($2.21) and Texas ($2.22).

AAA found self-serve, regular gasoline selling for as low as $2.31 per gallon and as high as $2.79 in MA. In addition, refiners cranked up production to 93.8 percent of capacity, likely contributing to the large 6.8 million barrel rise in gasoline inventories.