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Average price of gas in Massachusetts sets new record high, according to AAA
Prices climb to average of $4.16 per gallon
The average price of regular gasoline in Massachusetts rose $0.54 in one week, rocketing above $4 per gallon for the first time since the Great Recession, according to AAA.AAA said the average price for gas in the Bay State rose from $3.959 per gallon for regular unleaded on Saturday to $4.079 per gallon on Sunday and rose again to $4.16 per gallon on Monday. That’s a new record high, beating the previous high of $4.092 per gallon, which was set July 8, 2008.NewsCenter 5 found prices for regular gasoline as high as $4.29 per gallon at some stations on both Saturday and Sunday.The rise in gasoline prices is attributed to the instability in Ukraine caused by the ongoing Russian invasion.”The extraordinary volatility in global oil markets stems from the Russian invasion of Ukraine and the question of whether the United States and NATO will impose sanctions on the Russian oil and gas industry. As that issue continues to be debated today, the market will see significant upward pressure on petroleum-related commodities,” said AAA spokesperson Mary Maguire.The average price for regular gas in Massachusetts was $3.62 per gallon last week, $3.44 per gallon last month and $2.68 per gallon last year.As of Sunday, it costs $61.19 on average to fill a 15-gallon tank with regular unleaded gasoline. Just last month, the cost to fill that 15-gallon gas tank was nearly $10 less at $51.62 on average. A year ago, the cost was more than $20 less at $40.20 on average.Massachusetts Secretary of State William Galvin is questioning why prices are varying from one gas station to another.”I think they’re deceptive,” Galvin said. “The wide disparity in pricing practices reveals the fact that these are not based on actual costs. I think they’re basing it on opportunity. They see the rhetoric is out there. They know that the hysteria is out there.”Galvin said the crisis in Ukraine should not impact the price of gas Massachusetts residents are buying now because that fuel was bought weeks ago. He is calling on the Attorney General’s Office to open an investigation, saying that they can review the books of retailers and wholesalers to determine if gasoline prices are based on fair profit or price gouging.”The government needs to investigate right now. They have to be on notice that their books and records are going to be examined, which we have the right to do,” Galvin said. “I think the government is failing its people if they’re not going to investigate this. If you let the marketplace be the wild, wild West, the prices are going to continue to go up and up.” AAA said the national average price for regular gasoline rose from $3.992 per gallon on Saturday to $4.009 per gallon on Sunday and $4.065 on Monday. The highest national average price for regular unleaded gas was recorded on July 17, 2008, at $4.114 per gallon.Fuel-saving tips from AAA: Tires & maintenance – Keep your vehicle in top shape with routine inspections and in between, make sure your tires are properly inflated.Plan ahead – Map your route before you go to minimize unnecessary turnarounds and backtracking. Avoid peak traffic times. Combine errands and go to “one-stop shops” where you can do multiple tasks (banking, shopping, etc.).Watch your speed – Fuel economy peaks at around 50 mph on most cars, then drops off as speeds increase. Reducing highway speeds by 5 to 10 mph can increase fuel economy by as much as 14%.Avoid excessive idling – A car engine consumes one quarter to one-half gallon of fuel per hour when idling, but a warm engine only takes around 10 seconds worth of fuel to restart. Where safe to do so, shut off your engine if you will be stopped for more than a minute.Use “fast pass” or “express” toll lanes – Avoiding unnecessary stops or slowdowns on the highway helps save fuel.Avoid rush hour – Take advantage of flex work hours to avoid commuting during peak traffic times.Anticipate road conditions – Watch the traffic ahead and “time” stoplights to maintain momentum and avoid unnecessary stop and go. Regular vs. Premium – If regular gas is recommended for your vehicle, that’s all you need. Opting for premium when your car doesn’t require it will only cost you money and doesn’t improve fuel economy.Shop around & save – Find the best gas price in your area
BOSTON —
The average price of regular gasoline in Massachusetts rose $0.54 in one week, rocketing above $4 per gallon for the first time since the Great Recession, according to AAA.
AAA said the average price for gas in the Bay State rose from $3.959 per gallon for regular unleaded on Saturday to $4.079 per gallon on Sunday and rose again to $4.16 per gallon on Monday. That’s a new record high, beating the previous high of $4.092 per gallon, which was set July 8, 2008.
NewsCenter 5 found prices for regular gasoline as high as $4.29 per gallon at some stations on both Saturday and Sunday.
The rise in gasoline prices is attributed to the instability in Ukraine caused by the ongoing Russian invasion.
“The extraordinary volatility in global oil markets stems from the Russian invasion of Ukraine and the question of whether the United States and NATO will impose sanctions on the Russian oil and gas industry. As that issue continues to be debated today, the market will see significant upward pressure on petroleum-related commodities,” said AAA spokesperson Mary Maguire.
The average price for regular gas in Massachusetts was $3.62 per gallon last week, $3.44 per gallon last month and $2.68 per gallon last year.
As of Sunday, it costs $61.19 on average to fill a 15-gallon tank with regular unleaded gasoline. Just last month, the cost to fill that 15-gallon gas tank was nearly $10 less at $51.62 on average. A year ago, the cost was more than $20 less at $40.20 on average.
Massachusetts Secretary of State William Galvin is questioning why prices are varying from one gas station to another.
“I think they’re deceptive,” Galvin said. “The wide disparity in pricing practices reveals the fact that these are not based on actual costs. I think they’re basing it on opportunity. They see the rhetoric is out there. They know that the hysteria is out there.”
Galvin said the crisis in Ukraine should not impact the price of gas Massachusetts residents are buying now because that fuel was bought weeks ago. He is calling on the Attorney General’s Office to open an investigation, saying that they can review the books of retailers and wholesalers to determine if gasoline prices are based on fair profit or price gouging.
“The government needs to investigate right now. They have to be on notice that their books and records are going to be examined, which we have the right to do,” Galvin said. “I think the government is failing its people if they’re not going to investigate this. If you let the marketplace be the wild, wild West, the prices are going to continue to go up and up.”
AAA said the national average price for regular gasoline rose from $3.992 per gallon on Saturday to $4.009 per gallon on Sunday and $4.065 on Monday. The highest national average price for regular unleaded gas was recorded on July 17, 2008, at $4.114 per gallon.
Fuel-saving tips from AAA:
- Tires & maintenance – Keep your vehicle in top shape with routine inspections and in between, make sure your tires are properly inflated.
- Plan ahead – Map your route before you go to minimize unnecessary turnarounds and backtracking. Avoid peak traffic times. Combine errands and go to “one-stop shops” where you can do multiple tasks (banking, shopping, etc.).
- Watch your speed – Fuel economy peaks at around 50 mph on most cars, then drops off as speeds increase. Reducing highway speeds by 5 to 10 mph can increase fuel economy by as much as 14%.
- Avoid excessive idling – A car engine consumes one quarter to one-half gallon of fuel per hour when idling, but a warm engine only takes around 10 seconds worth of fuel to restart. Where safe to do so, shut off your engine if you will be stopped for more than a minute.
- Use “fast pass” or “express” toll lanes – Avoiding unnecessary stops or slowdowns on the highway helps save fuel.
- Avoid rush hour – Take advantage of flex work hours to avoid commuting during peak traffic times.
- Anticipate road conditions – Watch the traffic ahead and “time” stoplights to maintain momentum and avoid unnecessary stop and go.
- Regular vs. Premium – If regular gas is recommended for your vehicle, that’s all you need. Opting for premium when your car doesn’t require it will only cost you money and doesn’t improve fuel economy.
- Shop around & save – Find the best gas price in your area