Today’s Price 57 Cents Higher Than Just A Month Ago
Westwood, MA, June 13, 2022 — Massachusetts’s average gas price is up 8 cents from last week ($4.96), averaging $5.04 per gallon. Today’s price is 57 cents higher than a month ago ($4.47), and $2.10 higher than June 13, 2021 ($2.94). Massachusetts’s average gas price is 3 cents higher than the national average.
The cost of a barrel of oil remains elevated, as demand continues to outpace global supply despite ongoing releases from the Strategic Petroleum Reserve. Meanwhile, domestic gasoline demand hasn’t weakened significantly enough to affect crude oil prices. All eyes will be on domestic gasoline demand over the next few weeks to see if record prices force consumers to cut back.
“With gas prices near or above five dollars, and inflation at a four-decade high, many consumers will begin to change their driving habits, but demand is still high, said Mary Maguire, AAA Northeast Director of Public and Government Affairs. “After two consecutive summers of restricted travel and socialization, Americans seem more reluctant to stay home in spite of strain on their budgets.”
AAA Northeast’s June 13 survey of fuel prices found the current national average to be 15 cents higher than last week ($4.86), averaging $5.01 a gallon. Today’s national average price is 58 cents higher than a month ago ($4.43), and $1.94 higher than this day last year ($3.07).
Source: AAA
