Gas prices continue to fall in Massachusetts
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."
