Gas prices in western Massachusetts dropped 4.0 cents per gallon

SPRINGFIELD, Mass. (WWLP) – Springfield’s gas prices have fallen 4.0 cents per gallon over the past week.

Gas prices in Springfield have fallen to an average of $3.33/g, according to GasBuddy price reports after a survey of 257 stations in Springfield. The cheapest station in Springfield was priced at $2.99/g, and the most expensive station was $3.99/g. The highest price in the state was $4.19/g, a difference of $1.26/g.

The national price of gasoline is averaging $3.44/g on Monday. The national average is down 5.6 cents per gallon from a month ago. It stands at 37.2 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering more than 150,000 gas stations nationwide.

Historical gasoline prices in Springfield and the national average going back ten years:
August 5, 2023: $3.63/g (U.S. Average: $3.81/g)
August 5, 2022: $4.17/g (U.S. Average: $4.06/g)
August 5, 2021: $2.95/g (U.S. Average: $3.19/g)
August 5, 2020: $2.03/g (U.S. Average: $2.17/g)
August 5, 2019: $2.59/g (U.S. Average: $2.70/g)
August 5, 2018: $2.81/g (U.S. Average: $2.86/g)
August 5, 2017: $2.30/g (U.S. Average: $2.34/g)
August 5, 2016: $2.03/g (U.S. Average: $2.12/g)
August 5, 2015: $2.59/g (U.S. Average: $2.63/g)
August 5, 2014: $3.57/g (U.S. Average: $3.48/g)

Neighboring areas and their current gas prices:
Worcester- $3.44/g, down 1.2 cents per gallon from last week’s $3.45/g.
Connecticut- $3.48/g, down 3.5 cents per gallon from last week’s $3.51/g.
Hartford- $3.45/g, down 3.1 cents per gallon from last week’s $3.48/g.

“With oil prices plummeting due to new concerns over the U.S. economy after a poor jobs report, gasoline prices have seen downside in many states, with potential for more to join that trend this week as previous refinery disruptions in the Great Lakes region fade away and the restart process begins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel prices have also continued to drop, and while Tropical Storm Debby drops buckets of rain on Florida and the Southeast, it poses low risk to refineries or refined product pipelines, so the storm is not a major concern. With the Middle East on alert after Israel’s attacks on Hamas and Hezbollah, there could be an impact on oil prices; however, with an inability to predict the outcome, I, for now, expect gasoline prices in most states to gently decline in the week ahead, with the Middle East situation being a wildcard.”

Emma McCorkindale

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