Business & Tech

Massachusetts Coronavirus: Gasoline Prices Dip Below $2 Mark

It's the first time gasoline prices in Massachusetts have dropped below $2 per gallon since 2016.

The drop comes as thousands of Massachusetts residents stay confined to their homes to slow the spread of the coronavirus.
The drop comes as thousands of Massachusetts residents stay confined to their homes to slow the spread of the coronavirus. (Jenna Fisher/Patch)

BOSTON — Gasoline prices in Massachusetts were $1.99 a gallon, on average, for the week ended April 6, according to AAA.

The drop comes as thousands of Massachusetts residents stay confined to their homes to slow the spread of the coronavirus. Prices in the survey ranged from a low of $1.50 to a high of $2.59 per gallon. During the same week a year ago, gas prices averaged $2.55 per gallon.

This week's Massachusetts gasoline prices were higher than the national averages of $1.92 per gallon. AAA expects gas prices to continue declining, even though crude oil prices started increasing late last week.

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"This week, market analysts are watching crude oil prices, which started to increase at the end of last week," said Mary Maguire, Director, Public and Legislative Affairs. "However, given the low demand, increases in crude aren’t likely to have an impact on gas prices in the near-term."

Gasoline prices in Massachusetts last dipped below $2 per gallon in February 2016, when the state averages was $1.88 per gallon. In December 2008, during the Great Recession, average Massachusetts gasoline prices dropped as low as $1.69 per gallon, according to the U.S. energy Information Administration.

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