EagleTribune.com, North Andover, MA

October 28, 2012

Gasoline prices continue to drop

Auto Scene Jeffrey Zygmont
The Eagle-Tribune

---- — After flirting with $4 per gallon through the early autumn, regional and national gasoline prices registered a sharp decline last week, making it the third straight week in which pump prices fell, according to service-station tracking by the auto club AAA.

By Wednesday, New Hampshire’s state-wide average for self-service regular gas sat comfortably below $3.75 per gallon. But the Massachusetts average remained above $3.75 at mid-week, AAA figures showed.

The overall U.S. average enjoyed a dramatic, 13-cent decrease through the seven-day span ending Wednesday, according to AAA.

By mid week the national average was approaching $3.60.

But despite the softening prices, regional and national averages remained as much as 30 cents higher than the prices paid by motorists at this time last year.

In Massachusetts the state-wide average reached $3.784 on Wednesday, down 8.8 cents from the prior Wednesday’s figure of $3.872, AAA reported. But Wednesday’s Bay State average was 30.0 cents above the level recorded on the same day last year, which AAA put at $3.484 per gallon for self-service regular gas.

New Hampshire drivers saw prices fall faster last week. A seven-day drop of 10.0 cents brought the Granite State average to $3.704 on Wednesday, compared to $3.804 seven days earlier, according to the auto club. On the same day of 2011, the state-wide average of $3.439 was 26.5 cents lower than Wednesday’s figure.

Nationally, the average price for self-service regular fell to $3.625 on Wednesday, down 13.1 cents from $3.756 the prior week, the auto club reported. Wednesday’s U.S. average was 17.4 cents higher than the $3.451 recorded on the same day of 2011.