Price of gas falls in MA to $2.46 per gallon


"However, the strong supply of gasoline should help stave off any gas price hikes that would otherwise be caused by such a surge in demand".

AAA Northeast says its weekly survey on Monday found the price of a gallon of regular unleaded fell three cents, to an average $2.46.

But they've been declining for five straight weeks, as refineries produce more gasoline than motorists are consuming, leaving markets oversupplied, AAA spokesman Mark Jenkins said.

With millions of Americans traveling during the Christmas and New Year's holidays, experts do not believe there will be an increase in gas prices, but rather a potential decrease. The Florida average is falling at a rate of a penny per day.

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Florida's average price of $2.37 was 4 cents less than a week ago.

So far this year, the highest average price in Florida was $2.73 on September 9 and the lowest was $2.13 on July 17. The price did drop 12 cents from Thanksgiving, when US gas prices averaged $2.51 a gallon.

"We can thank USA oil production, which has come a long way in the last five years", DeHaan said. The average price for a gallon of gas in CT is $2.65 ($2.67), $2.63 in NY ($2.65) and $2.71 in Pennsylvania ($2.73).

Gas prices are dropping a little since last week in MI, and just in time for holiday travel! "As long as demand for gasoline continues to weaken, gasoline inventories will continue growing and it'll be the gift that keeps on giving". It was also 6 cents cheaper than the national average but notably more than Georgia's $2.29 average and Tennessee's average of $2.22.