Massachusetts gas prices down 7 cents from last week amid fears of global recession
BOSTON -- Gas prices in Massachusetts continued to drop Monday, down to $4.93 a gallon, according to AAA. This is down seven cents from last week.
"A drop in the global price of oil helped the national average for a gallon of gas to fall for a second week to land at $4.89. Economic fears of a potential global recession leading to less demand for oil dropped the price to around $107 per barrel, down from $110 last week," AAA said.
The national average is $4.89.
Prices have fallen slowly since hitting a record high $5.05 back on June 12. They are still 20 cents higher than they were a month ago.
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