What Massachusetts Gas Prices Might Be in the First Quarter of 2023
People drove a lot during the 2022 holidays, and that helped to drive gasoline prices up in many areas of the country.
The cold snap that followed resulted in sharply lower demand for gas, forcing prices back down.
"As we head toward February, pump prices will likely dip, barring any jolt in the global oil market," said AAA spokesman Andrew Gross. "It is likely that the national average prices we saw heading into Christmas may have been the lows for this winter."
AAA reported that "According to data from the Energy Information Administration, gas demand dropped from 9.33 million to 7.51 million barrels per day" in the first week of January 2023. Meanwhile, AAA said that "Total domestic gasoline stocks fell by 300,000 bbl to 222.7 million bbl."
"Lower gasoline demand has contributed to limiting increases in pump prices," according to AAA.
The average price for a gallon of gas in Massachusetts on Monday, January 16 was $3.304, a slight decrease. In Rhode Island, it was $3.251, a slight increase. The national average was $3.305.
The least expensive gas in Massachusetts is found right here along the SouthCoast. The most expensive gasoline is in Greater Boston, Martha's Vineyard, and Nantucket.
In Rhode Island, expect to pay more for gas in Newport County and less in Kent County.
The highest price ever recorded for gasoline in Massachusetts was $5.049 on June 6, 2022. Rhode Island's highest gasoline price on record was $5.020 on June 13, 2022.
A gallon of diesel sold for $5.100 in Rhode Island on Monday, January 16, 2023. The highest price recorded for diesel was $6.471 a gallon on May 18, 2022.
A gallon of diesel sold for $5.077 in Massachusetts on Monday, January 16, 2023. The record for a gallon of diesel in Massachusetts was $6.410 on May 18, 2022.