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The average price of a gallon of gasoline in Massachusetts has fallen 2 cents, down from last week’s $3.60, according to travel association AAA Northeast.
Massachusetts’ prices are still lower than the national average price of $3.79, a drop of 9 cents from last week. According to a Monday press release from AAA, the average price fell daily starting from Oct. 11, mainly due to lower global oil prices.
“Global recession fears coupled with the Biden Administration’s plan to continue tapping the Strategic Petroleum Reserve into December has helped temper oil prices,” Mary Maguire, AAA Northeast vice president of public and government affairs, said in the press release. “This will help take the pressure off pump prices, benefitting drivers and their wallets.”
Despite the continued decline in prices, the Massachusetts price remains higher than that of this time last year, when it was $3.35.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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