Gasoline prices in Massachusetts have hit the highest-ever recorded average price, not adjusted for inflation, as Russia’s invasion of Ukraine ignited volatility in the oil market.
In the last month, gas has risen 62 cents per gallon in Massachusetts, with a 54-cent rise in the last week alone, according to a Monday press release from AAA Northeast. The average price of a gallon of regular unleaded rose from $3.62 on Feb. 28 to $4.16 on Monday.
“The 45-cent increase in gas prices here in the U.S. over the past 7 days amounts to the single largest increase since AAA has tracked domestic gas prices. The negative impact of these explosive prices on American consumers will only increase in the near term,” said Mary Maguire, AAA director of public/government affairs, in a statement.
The Massachusetts price is $1.48 per gallon higher than it was this time last year and is 10 cents higher than the national average. The U.S. average gas price is the highest it’s been since July 2008, according to AAA.
