EagleTribune.com, North Andover, MA

Business

May 11, 2014

Finally, a break in gas price rise

After three straight weeks of increases, local pump prices dipped slightly last week. Fuel-price tracking by the auto club AAA showed decreases of less than 1 cent per gallon in the average price of self-service regular gasoline across Massachusetts and New Hampshire.

The U.S. 50-state average for self-service regular declined by a greater amount last week, AAA reported. The price drop was a turnaround after 10 straight weeks in which the national average had climbed.

On Wednesday the auto club published a Massachusetts state-wide average price of $3.709 per gallon for self-service regular gas. That was 0.5-cents lower than the prior Wednesday’s level of $3.714. But on the same day of 2013, Bay State drivers paid an average price of $3.473, which was 23.6 cents lower than Wednesday’s level.

The New Hampshire average dropped 0.8 cents last week, reaching $3.643 on Wednesday, compared to $3.651 seven days earlier, according to AAA. Wednesday’s Granite State average was 23.7 cents higher than the $3.406 recorded on the same day last year.

The U.S. national average fell to $3.666 on Wednesday, a decline of 2.5 pennies from the prior Wednesday’s $3.691, auto club figures showed.

On the same day last year, the national average of $3.525 was 14.1 cents lower than Wednesday’s level.

1
Text Only | Photo Reprints
Business

Financial News
Stocks
Photos of the Week