March 17, 2018

Gas prices in MA up 6 cents this week

14 November 2017, 02:16 | Melvin Schneider

With Crude Oil Prices Rising, Florida Drivers Paying More for Gas

Florida, Jacksonville gas prices soar over the past week

The Massachusetts price has risen 41 cents since this time past year, when it was averaging $2.12 per gallon. But those prices have held steady over the weekend.

Harvey pushed Lancaster County gas prices up 42 cents in two weeks to $2.88 a gallon, the biggest runup since Hurricane Katrina in 2005.

Fuel prices in the Las Vegas Valley rose for a second straight week, according to GasBuddy. US fuel inventories also are lower than usual in part because of refinery outage times during and after Hurricane Harvey. Despite the current highs, "oil prices let off the throttle last week, allowing gas prices to find what appears to be solid ground".

Gas prices may moderate in the week ahead across some areas of the country (Midwest may see relief after chronic problems due to refineries and pipeline issues), while the West Coast and Northeast see prices continue to trend higher. "However, while November gas prices have come in like a lion, AAA expects them to go out like a lamb".

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The lowest price in Miami-Dade was also $2.39 at two stations just off Interstate 95 in Miami - 7-Eleven on Northwest 79th Street and Exxon on Northwest 7th Avenue.

"Analysts warn that oil prices could be somewhat volatile this week, as the consolidation of power in Saudi Arabia leaves speculators questioning the impacts on global oil supply", he said. The other stations follow, and the cycle begins again. One day last week, for instance, Tampa Bay pump prices jumped by a dime in a single day.

Gasoline prices in Lancaster County have increased for the third consecutive week, hitting $2.75 per gallon, a new survey says.

Even if prices remain high, Jenkins doubts it will affect consumers travel plans for the holiday. Georgia saw a less dramatic r increase in gas prices coming in at $2.41 per gallon Sunday, up from $2.34 a week ago.

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