Massachusetts gas prices continued to drop over the past week, shedding 2 cents to average now $3.30 per gallon.
The price at the pump is down 17 cents from a month ago and is 6 cents lower than it was a year ago.
“Gas prices locally are in a bit of a winter lull, and supplies of oil and gasoline are sufficient to meet demand,” said Mary Maguire, AAA Northeast Vice President of Public and Government Affairs.
The price in the Bay State is now about the same as the national average. For several months, prices in Massachusetts were running higher on supply issues.
Diesel prices have also declined, averaging $5.07 Monday, down from $5.13 a week ago, and $5.36 a month ago, though the fuel is still up significantly from its year-ago average of $3.57.
Economic woes, war, on tap at Davos
The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos. Leaders are seeking to bridge political divisions in a divided world, buttress a hobbling economy and address concerns about a climate change — among many other things.
Nearly 600 CEOs and more than 50 heads of state or government are expected, but it’s never clear how much concrete action emerges from the elite event.
The slowdown in the global economy will be a major theme at Davos, with officials ranging from International Monetary Fund Managing Director Kristalina Georgieva and European Central Bank President Christine Lagarde speaking in sessions.