Gas Prices in Massachusetts Slowly Declining
With gas prices up an average of 30 cents since July in Massachusetts, motorists should be happy to hear that the cost of gasoline will finally be declining over the next several months. But be warned – it will be a slow process.
According to AAA, the national average price of gasoline fell about four cents last week to $3.83 per gallon, but is still up an average of 50 cents since July.
Tracking gas prices can at times be a roller coaster ride. Historically, the demand for gas in the United States spikes during the summer when lots of people are going on vacations and celebrating holidays, such as the fourth of July and Memorial Day.
Refiners also sell a more expensive type of gasoline in the summer in order to help decrease the amount of pollution versus the mixture they sell in the winter according to fuel analysts.
With summer winding down and refiners beginning to sell winter blends of fuel, many drivers are hoping to see the price for gas fall. However, those hopes were dampened when Hurricane Isaac hit in late August, damaging the nation’s oil and gas hubs along the Gulf.
Now, experts say that folks nationwide will start to notice a decline in the upcoming months but that it will be a slow moving process.
Since mid-September gas prices have declined each day by almost one cent in Massachusetts. Currently, the average gas price in Massachusetts is $3.86 compared to the $3.93 average just a week ago.
So, while your tan starts to fade and the temperatures continue to get lower, rest assured knowing that your gas prices slowly will too.