Gas prices in Massachusetts down 53 cents since hitting record high last month

CBS News Boston

BOSTON - Gas prices in Massachusetts continued a steady decline Monday. The average for a gallon is now $4.52, according to AAA.

That's down 11 cents in the last week and 43 cents in a month. The record high of $5.05 a gallon was set back on June 12 and has been dropping slowly ever since.

"There's reason to be cautiously optimistic that pump prices will continue to fall in the near-term, particularly if the global price for oil does not spike. But the overall situation remains very volatile," AAA spokesperson May Maguire said Monday.

The national average is now $4.36 a gallon, down 16 cents in the last week. The record high of $5.02 a gallon was set on June 14. California still has the highest prices with an average of $5.73 a gallon.

Diesel prices have also been dropping steadily, coming in at an average of $5.68 a gallon in Massachusetts Monday. The high of $6.41 was set back on May 18.

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