MA gas prices climb 5 cents per gallon, to $2.48

MA gas prices climb 5 cents per gallon, to $2.48

The average price of a gallon of unleaded gasoline is $2.48, AAA found, up five cents from last week's survey and 19 cents higher than the $2.29 per gallon average this week past year.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is due to higher crude oil costs.

Motorists in Butts County reported Monday paying lows of $2.29 to $2.33 per gallon, according to the price-tracking website GasBuddy.com. The Florida average of $2.44 was unchanged.

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Statewide, the most expensive gas price averages are in West Palm Beach-Boca Raton ($2.57); Miami ($2.51); and Crestview-Fort Walton Beach ($2.49), according to AAA. West Texas Intermediate, a crude oil benchmark, settled above $62 a barrel last week for the first time since December 2013 as global supply levels tighten. The first two months of the year are typically the times of year that gasoline demand is at its weakest, and with builds in gasoline stock anticipated next week, prices will have a hard time going much higher in the short term.

"Retail prices could drop 5-15 cents in the next month and a half, while supply outpaces demand", said Mark Jenkins, spokesman for AAA. That price point is then lowered later in the year as a result of low demand.

Nationally over the last month, average prices went up 1.7 cents per gallon.

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