While the war with Iran continues, including the dispute over the crucial Strait of Hormuz, gas prices in Massachusetts are still shooting upward. The price per gallon of regular rose 31 cents over the past week in the Bay State, reaching $4.35 per gallon, according to AAA. The national average is 10 cents higher. California has the highest average price, at $6.11, while the lowest average price is in Georgia, at $3.85. In addition to the high price of crude oil due to the war, AAA’s statement also noted that Americans are consuming more gasoline than they did last spring. “All the factors that drive the cost of gasoline have been heading toward higher prices,” said Mark Schieldrop, senior spokesperson for AAA Northeast. “Along with higher oil prices, gasoline demand has held strong and U.S. exports are shattering records, leading to tighter inventories. Oil and gas markets will remain volatile amid ongoing uncertainty about a potential end to the war and resumption of vessel traffic through the Strait of Hormuz.”President Donald Trump told reporters Thursday night that gas prices will drop as soon as the Iran war is over, but did not offer a timetable. Experts caution that lowering prices will not be easy.”Even if the war would end today, tomorrow, it will take time,” said Professor Yossi Sheffi of MIT.AAA recommends shopping around for relief, including wholesale centers like Costco, which often offer lower rates.WCVB’s Get the Facts Data Team is tracking fuel pricing data provided by AAA. You can use our calculator to determine your monthly gas budget based on your driving habits and your vehicle’s MPG to estimate how the rising prices will impact your bottom line. PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4=
While the war with Iran continues, including the dispute over the crucial Strait of Hormuz, gas prices in Massachusetts are still shooting upward.
The price per gallon of regular rose 31 cents over the past week in the Bay State, reaching $4.35 per gallon, according to AAA. The national average is 10 cents higher.
California has the highest average price, at $6.11, while the lowest average price is in Georgia, at $3.85.
In addition to the high price of crude oil due to the war, AAA’s statement also noted that Americans are consuming more gasoline than they did last spring.
“All the factors that drive the cost of gasoline have been heading toward higher prices,” said Mark Schieldrop, senior spokesperson for AAA Northeast. “Along with higher oil prices, gasoline demand has held strong and U.S. exports are shattering records, leading to tighter inventories. Oil and gas markets will remain volatile amid ongoing uncertainty about a potential end to the war and resumption of vessel traffic through the Strait of Hormuz.”
President Donald Trump told reporters Thursday night that gas prices will drop as soon as the Iran war is over, but did not offer a timetable.
Experts caution that lowering prices will not be easy.
“Even if the war would end today, tomorrow, it will take time,” said Professor Yossi Sheffi of MIT.
AAA recommends shopping around for relief, including wholesale centers like Costco, which often offer lower rates.
WCVB’s Get the Facts Data Team is tracking fuel pricing data provided by AAA. You can use our calculator to determine your monthly gas budget based on your driving habits and your vehicle’s MPG to estimate how the rising prices will impact your bottom line.