Are We Looking at Potentially Paying $4 for a Gallon Of Gas?
As we continue to see the price of a gallon of gasoline in Massachusetts and across the country rise each week a few more cents, it's reasonable to think that at some point we might be paying upward of $4.00 per gallon once again. It was the summer of 2008 when the price at the pump was last over the $4.00 mark.
According to the latest survey from AAA Northeast, Massachusetts’s average gas price is up 3 cents from last week when it was $3.35, and is now averaging $3.38 per gallon. The price today is 29 cents higher than it was a month ago when it was $3.09 The price was $1.30 higher than November 1 of last year. Despite the state's average gas price rising steadily, the Massachusetts price is 2 cents lower than the national average.
AAA's Mary Maguire says that we could see smaller increases...
We have finally seen a little dip in domestic demand for gasoline, which may signal that the seasonal post-Labor Day easing was a little delayed this year... And if the recent steady increase in crude oil prices takes a breather too, consumers may benefit at the pump with smaller price hikes. ~ Mary Maguire, Director of Public/Government Affairs
The AAA website lists the average prices in the metro areas of all states, including Massachusetts. You can see the list HERE. Pittsfield is the one local city that is listed. According to AAA, the average Pittsfield price for regular gas is $3.36 per gallon. Mid-grade gasoline is equal to the state average at $3.63, and if you put premium gas in your tank in Pittsfield, you will be paying nearly $3.84 per gallon.
If we should get the $4.00 per gallon mark, will you pay it? Do you have a choice?
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