News Summary
As of Monday, gas prices in Massachusetts have decreased to an average of $2.94 per gallon, down from $2.95 last week. This reflects a significant drop from $3.45 a year ago. While there was a minor increase compared to February, the decline is notable in light of economic uncertainty. Regionally, prices vary, with Pittsfield having the highest at $3.01 and Seekonk the lowest at $2.85. Nationwide, the average gas price stands at $3.11, indicating Massachusetts prices are lower than the national average by 5.5%.
Boston, Massachusetts – The average gas price in Massachusetts has dipped to $2.94 per gallon of regular fuel as of Monday, reflecting a slight decrease from last week’s average price of $2.95 per gallon. This recent decline comes amid ongoing economic uncertainty and follows a slight increase of about 2 cents since last month.
Compared to a year ago, when gas prices in the state averaged $3.45 per gallon, this current price represents a significant decrease of nearly 50 cents. Despite the current drop, this week marks a 4 cent increase from Massachusetts prices since February.
Nationally, the average gas price was recorded at $3.11 per gallon last week, making Massachusetts prices approximately 5.5% lower than the national average. The U.S. average has also seen a slight reduction, down from $3.13 a week prior.
Local Price Variations
Within Massachusetts, gas prices vary significantly across regions. The most expensive gas can be found in Pittsfield at $3.01 per gallon, while Seekonk boasts the least expensive at $2.85 per gallon. Furthermore, the current diesel price in the state stands at $3.79 per gallon, unchanged from last week but down 44 cents compared to last year.
Historical Context
Over the past year, the highest recorded gas price in Massachusetts occurred on July 8, 2024, when it peaked at $3.50. The lowest price recorded came shortly after, on April 14, 2025, at $2.88. The price fluctuations are primarily linked to changes in crude oil prices and market conditions.
Market Trends and Concerns
The recent pattern of declining gas prices and stock market volatility has raised potential economic concerns. Analysts suggest that gas prices may have peaked for the year 2025, indicating that consumers could face further fluctuations driven by the anticipated switch to summer-blended gasoline, known to typically increase prices.
Comparative State Prices
Gas prices can vary greatly by state, with California currently having the highest average in the nation at $4.81 per gallon. In stark contrast, Mississippi has the lowest recorded gas price at $2.68. These variations can reflect regional supply chains, taxes, and local market conditions.
Conclusion
In summary, Massachusetts’ average gas price of $2.94 signifies a slight decrease from the previous week, yet shows a year-over-year decline of 15%. With ongoing shifts in the economic landscape and impending seasonal changes, both consumers and businesses will need to be vigilant regarding future fuel price movements.
Deeper Dive: News & Info About This Topic
- The Gardner News: Weekly Gas Prices
- Boston 25 News: Massachusetts Gas Prices Changes
- Live 95.9: Cheap Gas in Massachusetts
- CBS News: Massachusetts Gas Prices and Economy
- WWLP: Gas Prices in Massachusetts Rise
- Wikipedia: Gasoline Pricing in the United States
