News for November 13
| Gas Prices Up Another 13 Cents, Americans Spending Twice as Much on Gas as They Did Five Years Ago, Says AAA (posted by Public Affairs on November 13 @ 11:29 ) |
| Gasoline prices in Massachusetts are closing in on the $3.00 per gallon mark, having increased 13 cents from last week and 33 cents from a month ago, according to AAA Southern New England. AAA’s November 13 survey of prices in Massachusetts found self-serve, regular unleaded averaging $2.979 per gallon, 13 cents more than last week and 33 cents more than the $2.649 found locally on October 15. Massachusetts is currently 13 cents below the national average for regular unleaded of $3.109. A year ago at this time the average price in Massachusetts was $2.139. The range in prices in the latest AAA survey for unleaded regular is 30 cents, from a low of $2.849 to a high of $3.149. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up — every time. A study released today shows that, nationally, Americans are spending twice as much of their income at the gas pumps as they did five years ago. The study, released by Oil Price Information Service (OPIS), which gathers pricing information for AAA, shows that nationally, Americans spend 3.8 percent of every earned dollar to fill their gasoline tanks. The amount was 1.9 percent of income back just five years ago, in 2002. That translates into more than $1.2 billion being spent each day for gasoline in the country, and an average cost of $142 per month for one family to operate one car, both double the expense of 2002. One bright spot for local motorists from the OPIS study is that the New England region has the lowest percentage of income devoted to fuel, 2.8 percent. Today’s local gas prices and their ranges are as follows: Regular Unleaded - Self Serve/Full Serve $2.979 ($2.849-$3.149)/$3.159 ($2.999-$3.459) Midgrade Unleaded - Self Serve/Full Serve $3.089 ($2.949-$3.299)/$3.329 ($3.099-$3.699) Premium Unleaded - Self Serve/Full Serve $3.199 ($3.049-$3.359)/$3.409 ($3.199-$3.799) Diesel - Self Serve/Full Serve $3.429 ($3.179-$3.699)/$3.549 ($3.499-$3.599) Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto AAA.com and clicking on Gas Saving Tips & Tools. AAA members can also obtain a copy of the Gas Watcher’s Guide at their local AAA Southern New England office. |