Gas prices continue to fall in Massachusetts

Gas prices continue to drop

BOSTON - The average price of a regular gallon of gas in the United States has dropped 19 cents over the past two weeks.

According to AAA, here in Massachusetts, the current cost of a gallon of gas is $4.74. A week ago it was $4.85, and a month ago it was $5.04.

That's still way higher than one year ago, when a gallon set drivers back about $3.

The state average is seven cents higher than the national average of $4.67 a gallon.

Last week, crude oil fell below $100 a barrel for the first time in nearly two months. One expert said that could result in a drop at the pump of as much as 65 cents per gallon in the weeks ahead. 

Gas prices are falling even though there was a slight rise in demand around the July 4th holiday.

"Usually, more people buying gas would lead to higher pump prices," AAA Northeast's Mary Maguire said in a statement. "But the price for oil, the main ingredient in gasoline, has fallen and is hovering around $100 a barrel. Less expensive oil usually means less expensive gas."  

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