You Need to Know: In Springfield Gas Prices Have Fallen 1.6 Cents Per Gallon!
The price of a gallon of gasoline in Springfield has decreased by 1.6 cents. Over the course of the past week, the price of a gallon of gas in Springfield has decreased by 1.6 cents.
According to the findings of a price analysis compiled by GasBuddy based on a survey of 257 gas stations in Springfield, the cost of a gallon of gas has decreased to an average of $3.41. In Springfield, the price per gallon ranged from $3.09 at the station with the lowest price to $3.99 at the station with the highest price.
On Sunday, the highest price in the state was $4.19/g, representing a difference of $1.30/g.On Monday, the average price of a gallon of gasoline throughout the country was $3.58.
According to statistics generated by GasBuddy from more than 11 million weekly price reports spanning more than 150,000 gas stations around the country, the national average has increased by 8.2 cents per gallon since a month ago and sits at 59.6 cents per gallon lower than it did a year ago.
Prices of gasoline in Springfield throughout the past five years, compared to the average price throughout the nation:
May 1, 2022: $4.11/g (U.S. Average: $4.17/g)
May 1, 2021: $2.70/g (U.S. Average: $2.89/g)
May 1, 2020: $1.76/g (U.S. Average: $1.77/g)
May 1, 2019: $2.80/g (U.S. Average: $2.89/g)
May 1, 2018: $2.79/g (U.S. Average: $2.81/g)
The graph attached below may help you to know more:
Gasoline is currently selling for $3.45 a gallon in Worcester, which is a 2.6-cent increase over the previous week’s price of $3.42 per gallon there.
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A video analysis by 22News WWLP is also attached below for convenience that may help you explore:
The previous week’s price of $3.54 per gallon in Connecticut has decreased to $3.53 per gallon, a decrease of 0.6 cents per gallon. The previous week’s price of $3.50 per gallon in Hartford has decreased to $3.46 per gallon, a 3.7-cent drop.
Patrick De Haan, who is the head of petroleum analysis at GasBuddy, made this statement,
“After declining the prior week at a slow pace, the drop in the national average has gained momentum. Oil prices have come under additional selling pressure alongside wholesale gasoline prices, giving retailers room to pass on the lower prices.”
“Diesel prices have followed, falling to their lowest in over 13 months as demand remains weak due to concerns over the economy. With refinery maintenance wrapping up, we should see supplies start to build in the weeks ahead, just in time for the summer driving season, potentially putting more downward pressure on prices.”
“However, while a majority of states saw gas prices drop, some, particularly in the Northeast, have yet to join in thanks to being the last to make the switch to summer gasoline – but relief will be on the way soon in areas that have resisted the fall thus far.”
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