EagleTribune.com, North Andover, MA

Business

August 4, 2013

Pump prices slip lower

After three straight weeks of rapid increases that saw the average price for self-service regular gas reach $3.75 per gallon in Massachusetts, regional gasoline costs turned around and dipped slightly lower last week, according to service-station tracking by the auto club AAA.

The U.S. national average also changed direction last week, turning lower after three consecutive weeks of increases, AAA reported.

On Wednesday, the Massachusetts average price for self-service regular gas reached $3.734, down 1.6 cents from the prior Wednesday’s level of $3.750, auto club figures showed. But Wednesday’s average was 14.0 cents higher than the state-wide figure of $3.594 recorded on the same day of 2012.

North of the state line, New Hampshire drivers saw the price for self-service regular soften 1.5 pennies per gallon, settling at $3.679 on Wednesday, from $3.694 seven days earlier. On the same day last year, the Granite State average of $3.519 was 16.0 cents below Wednesday’s level.

The overall coast-to-coast average dipped 3.3 cents last week. On Wednesday the auto club published a national average of $3.627 per gallon, compared to $3.660 on the same day of the prior week. Wednesday’s national average was 12.7 cents higher than the $3.500 compiled on the same day last year.

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