Analyst: Gasoline Prices In Region To Remain Relatively Steady Through Memorial Day Holiday
Gasoline prices in Massachusetts are up 2 cents over last week, according to the price tracking web-site GasBuddy.com. Baystate motorists are now paying an average of $3.52 per gallon for regular gas. While the price of gasoline in Massachusetts has risen 4 cents over the past month, it is well below the national average of $3.68 a gallon, a more than 16-cent jump over the last 30 days. Patrick Dehaan, a petroleum analyst with GasBuddy.com, says prices across New England are remaining relatively steady.
“Prices may have gone up slightly in some communities, but they remain much quieter, much more rested if you will, than areas of say the West coast, the Great Lakes and the nation's mid-section.”
For example the average price in Minnesota has jumped 86 cents over the past month. It's the result, Dehaan says, of production issues as many refineries serving that region have gone off-line for maintenance, and have switched over to a cleaner-burning, more expensive summer blend of fuel. He says he does not expect the Northeast to experience that kind of sticker shock going into the peak driving season.
“By and large, we shouldn't see a whole lot of fluctuation for the Memorial Day holiday. Prices in Massachusetts will likely hold in the mid-$3 a gallon range.”
Connecticut motorists continue to face the highest gas prices in New England, paying an average of $3.76 a gallon. New Hampshire's average of $3.46 is the lowest in the region.