Gasoline prices in Massachusetts drop 2 cents amid ‘fear of possible COVID-19 global recession’, AAA says – CBS Boston

BOSTON (CBS) – Gas prices are falling in Massachusetts. The average price per gallon in the state fell 2 cents from last week to $3.40, AAA said.
The state average is still 5 cents above the national average of $3.35 per gallon.
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“Pump prices fell on fears of a potential global economic slowdown COVID-19 pushed oil prices to an average of $60 per barrel – levels not seen since August,” AAA Southeast said in a statement. declare. “Also helping to ease upward price pressure was the decision by OPEC and its oil-producing allies not to cut production.”
Gas prices in Massachusetts were flat from a month ago, and $1.30 higher than this time last year.
“Consumers can start a pump break now, but that’s not for good reason,” AAA Northeast’s Mary Maguire said in a statement. “The potential economic slowdown caused by COVID-19 hurts everyone and could lead OPEC to cut production if oil prices get too low.”
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https://boston.cbslocal.com/2021/12/06/gas-prices-massachusetts-oil-covid-aaa/ Gasoline prices in Massachusetts drop 2 cents amid ‘fear of possible COVID-19 global recession’, AAA says – CBS Boston