Gyrations in Gas Prices on Pause

Northeast gasoline prices are taking a pit stop as demand remains soft and continues to track below year-ago levels.

At the same time, regional gasoline inventories increased by more than 600,000 barrels last week, bolstering already ample supplies that now stand more than 2 million barrels above the same time last year. The price of oil is also a factor: U.S. oil production matched an all-time high last week, helping to send prices lower.

The average gas price in Massachusetts is the same as last week ($3.18), averaging $3.18 per gallon. Today’s price is 6 cents higher than a month ago ($3.12), and 12 cents lower than Feb. 26, 2023 ($3.30). Massachusetts’s average gas price is 8 cents lower than the national average.

“The seasonal trend of price increases ahead of spring is paused, for now,” said Mark Schieldrop, Senior Spokesperson for AAA Northeast. “Prices could be wobbly over the next few weeks as we creep our way out of winter and get closer to when refineries switch to producing summer blend fuel.”

AAA Northeast’s Feb. 26 survey of fuel prices found the current national average to be a penny lower than last week ($3.27), averaging $3.26 a gallon. Today’s national average price is 16 cents higher than a month ago ($3.10), and 10 cents lower than this day last year ($3.36).

*Prices as of Feb. 26, 2024

The AAA Gas Prices website is your resource for up-to-date fuel price information. Search average gas prices by Regular, Plus, Premium and Diesel on National and State levels, as well as Metro areas.

AAA Northeast is a not-for-profit auto club with 67 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and New York, providing more than 6 million local AAA members with travel, insurance, finance, and auto-related services.

Use our online request system for easy and convenient roadside service:

AAA.com/GetMoving or through the AAA app