I suppose it's really not a surprise that the price of gasoline shot up nearly a dime in a single week. We've been seeing the price tick up a penny here and there lately, and it was only a matter of time, given the crude oil situation, that we are getting this spike now.

According to the latest survey by AAA Northeast, the average price at the pump in Massachusetts has increased nine cents from last week, with the averaging price sitting now at $3.19 per gallon. The price is 11 cents higher than a month ago and $1.08  higher than October 12th of last year when it was $2.11.

What's to blame for the spike in price... the price of crude oil, of course.

The key driver for this recent rise in the price of gas is crude oil, which typically accounts for between 50% and 60% of the price at the pump... And last week’s decision by OPEC and its oil-producing allies to not increase production further also helped boost gas prices by tightening the supply. ~ Mary Maguire, Director of Public/Government Affairs

 

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The Massachusetts average gas price is still however eight cents lower than the national average.  

Looking at the City of Pittsfield...

The average price of a gallon of regular gas in Pittsfield is currently $3.17, seven cents higher than it was a week ago at $3.10, according to the AAA gas price finder tool. The gas price tool shows the price for state's metro average prices. Pittsfield is regularly included in the Massachusetts list. In nearby Springfield, the price was $3.06 per gallon a week ago compared to today's price of $3.15 per gallon.

The AAA Gas Prices website is a great resource for up-to-date fuel price information.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

 

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LOOK: See the iconic cars that debuted the year you were born