Gasoline Costs Are 9 Cents Decrease Than This Day Final Yr
Westwood, MA, July 1, 2024 – After a just about two-month streak of declines, gasoline costs within the Northeast are on the upward thrust—a go back to the seasonal pattern that’s standard this time of 12 months.
Despite the fact that gas call for dipped remaining week to eight.96 million barrels an afternoon, down from 9.38 million barrels an afternoon the prior week, consistent with the Power Data Management, upper oil costs, expanding worries about an lively typhoon season and tightening inventories in our area have brought about gasoline costs to modify route. Whilst nationwide gas inventories grew via a large 2.5 million barrels in general remaining week, right here within the Northeast, about 200,000 barrels have been shed from regional garage.
The common gasoline value in Massachusetts is up 3 cents over remaining week ($3.43), averaging $3.46 in step with gallon. These days’s value is 5 cents not up to a month in the past ($3.51) and 9 cents not up to these days remaining 12 months ($3.55). Massachusetts’s reasonable gasoline value is 3 cents not up to the nationwide reasonable.
“Now that faculty’s out and the summer time using season is in complete swing, gasoline costs are trending up at the expectation of more potent call for forward of the July 4 vacation,” mentioned Mark Schieldrop, Senior Spokesperson, AAA Northeast. “Summer time were given off to a gradual get started with low gasoline call for, however with a document 60 million vacationers anticipated to take street journeys for the vacation, upper oil costs and decrease regional inventories, costs may just proceed climb within the brief time period.”
AAA Northeast’s July 1 survey of gas costs discovered the present nationwide reasonable up 5 cents from remaining week ($3.44), averaging $3.49 a gallon. These days’s nationwide reasonable value is 5 cents not up to a month in the past ($3.54) and 4 cents not up to these days remaining 12 months ($3.53).
| Area | Present Value* | One Week In the past | One Month In the past | One Yr In the past |
| Massachusetts | $3.46 | $3.43 | $3.51 | $3.55 |
| Rhode Island | $3.43 | $3.38 | $3.50 | $3.51 |
| Connecticut | $3.56 | $3.54 | $3.63 | $3.62 |
*Costs as of July 1, 2024
The AAA Gasoline Costs site is your useful resource for up-to-date gas value knowledge. Seek reasonable gasoline costs via Common, Plus, Top rate and Diesel on Nationwide and State ranges, in addition to Metro spaces.
AAA Northeast is a not-for-profit auto membership with places of work in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and New York, offering greater than 6.5 million native AAA contributors with trip, insurance coverage, finance, and auto-related products and services.
