SPRINGFIELD, Mass. (WWLP) – Gas prices in Western Massachusetts have gone up, averaging $3.20 per gallon in the past week and stand $1.22 per gallon higher than a year ago.
“With other bills coming in, the price of gas is way too high,” said Kenneth Radomski of Chicopee.
According to Gas Buddy, the cheapest price for a gallon of gas in Springfield is $3.03 per gallon, the most expensive is $3.59 per gallon. Comparing to nearby areas, Worcester is currently $3.24 a gallon, Connecticut is $3.39 a gallon and Hartford is $3.34 a gallon.
It doesn’t look like gas prices will drop anytime soon which means the cost of everything we buy will be increasing too.
“With the way things are going now, probably next spring or next summer when things will start to really slow down,” said Mark Teed of Raymond James Financial. Teed said with with the winter on it’s way, there could be some stressful times ahead for families across the county. “Normally when oil prices are going up, it’s usually a good sign that the economy is doing really well. But now since they’ve gone up so much in the last year, now it’s just scary to people.”
The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.30/g Monday. The national average is up 11.1 cents per gallon from a month ago and stands $1.15/g higher than a year ago.
“The national average closed the week by climbing to yet another fresh seven year high, as the price of oil continues to drag gas prices along for the wild ride, leaving motorists on empty,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With OPEC holding back oil production and strong global oil demand, the situation will no doubt pave the road with even higher gas prices in the weeks ahead. Until several bottlenecks ease, including supply chains and low global inventories of oil, natural gas and coal, we’ll be stuck feeling the pinch of rising oil and gasoline prices. The bad news is that for now, all I see is the upward trend at the pump continuing into the weeks ahead with no sign of relief just yet.”
Historical gasoline prices in Springfield and the national average going back ten years:
October 18, 2020: $1.98/g (U.S. Average: $2.15/g)
October 18, 2019: $2.45/g (U.S. Average: $2.66/g)
October 18, 2018: $2.78/g (U.S. Average: $2.86/g)
October 18, 2017: $2.53/g (U.S. Average: $2.44/g)
October 18, 2016: $2.14/g (U.S. Average: $2.23/g)
October 18, 2015: $2.10/g (U.S. Average: $2.26/g)
October 18, 2014: $3.17/g (U.S. Average: $3.11/g)
October 18, 2013: $3.42/g (U.S. Average: $3.35/g)
October 18, 2012: $3.84/g (U.S. Average: $3.73/g)
October 18, 2011: $3.48/g (U.S. Average: $3.46/g)
Teed also mentioned the price of gas and oil isn’t the only thing people need to worry about, “Everything that’s shipped, railed, trucked or just delivered to people’s homes will be affected by higher prices.” Teed says this increase in the price of goods can influence people to stop purchasing, slowing things down, which could ultimately cause a recession.
Experts say to get your fuel for heating your home refilled now and it might not be a bad idea to get going on your holiday shopping.