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August 17, 2015

Gas prices fall another nickel

Retail gasoline prices in Central Massachusetts fell another five cents per gallon, on average, over the last week while the nationwide mean surged 8.5 cents, largely due to a price spike in the Midwest after an unexpected emergency shutdown of a refinery, according to gasoline price website GasBuddy.com.

The average price in the Worcester area last week was $2.50 per gallon, based on GasBuddy’s daily survey of 263 gas outlets in the city. The national average last week was $2.68.

Including last week’s drop, prices as of Sunday were 96.8 cents per gallon lower than the same day one year ago, and are 20.3 cents lower than a month ago. Meanwhile, the national average has decreased 9 cents per gallon during the last month and stands 77.5 cents lower than this day in 2014.

The shutdown of a refinery in Indiana impacted prices in several Midwestern states, with prices rising by more than 50 cents a gallon within days in Michigan, Indiana and Illinois. Lower increases were seen in Ohio, Wisconsin and Kentucky, Minnesota, Oklahoma, Missouri, Kansas and Iowa, according to GasBuddy.

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