EagleTribune.com, North Andover, MA

Business

February 2, 2014

Gas prices continue downward trend

Since 2014 began, gasoline prices have remained on a steady, downward stroll. The trend continued last week, with regional pump prices declining for the fourth consecutive week, according to service-station tracking by the auto club AAA. The overall, 50-state average price moved lower for the fifth straight week.

But the declines have been gradual. Gasoline prices in Massachusetts and New Hampshire finished January about 5 cents lower than their levels at the start of the year, AAA figures show.

Last week the Massachusetts average price for self-service regular gas edged 1.3 cents lower, reaching $3.431 on Wednesday from $3.444 seven days earlier, AAA announced. Wednesday’s figure was 7.2 cents below the Bay State average of $3.503 recorded on the same day last year.

The auto club reported a New Hampshire average of $3.346 for self-service regular on Wednesday, down 2.0 cents from the prior Wednesday’s $3.366. On the same day of 2013, the New Hampshire average of $3.456 was 11.0 cents higher than Wednesday’s level.

The U.S. national average dipped 0.6 cents during the seven-day span, according to AAA. Wednesday’s coast-to-coast figure was $3.277, compared to $3.283 the prior week. Wednesday’s national average was 8.7 cents lower than the $3.364 reported on the same day last year.

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