EagleTribune.com, North Andover, MA

Business

June 8, 2014

Pump prices rest in a steady state

Regional gasoline prices continued their six-week pattern of stability last week, making only minor movements as Massachusetts and New Hampshire averages remained in the range of $3.60 to $3.70 per gallon for self-service regular gas. Through the seven days ending Wednesday, the Bay State average rose by a small fraction of a cent. The New Hampshire average dropped by a similar, small increment, according to regular monitoring by the auto club AAA.

However, the U.S. national average rose by a more notable amount, making last week the third straight week in which the 50-state average moved higher, according to AAA data.

Massachusetts saw a 0.3-cent increase in the average price for self-service regular. On Wednesday the auto club reported a state average of $3.685 per gallon, compared to $3.682 seven days earlier. Wednesday’s figure was 14.5 cents higher than the Bay State average of $3.540 recorded on the same day of 2013.

In New Hampshire, a 0.2-penny decrease sent the average for self-service regular to $3.612 on Wednesday, from $3.614 the prior week, according to AAA. It was the fifth straight week in which the New Hampshire average moved lower. On the same day last year, the Granite State average of $3.472 was 14.0 cents lower than Wednesday’s level.

The auto club put the overall U.S. average at $3.663 on Wednesday, a 1.3-cent rise from the prior Wednesday’s $3.650. On the same day of 2013, the national average of $3.619 was 4.4 cents lower than Wednesday’s number.

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