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Mass. Gas Prices Fall Below $3 For First Time In 4 Years

BOSTON (CBS/AP) -- The average cost of a gallon of gas in Massachusetts has fallen below the $3 threshold for the first time in almost four years.

AAA Southern New England reports Monday that the price of a gallon of self-serve, regular fell 8 cents in the past week to an average of $2.96.

The last time gas was lower than $3 was in December 2010.

The current per-gallon average price in Massachusetts is now 30 cents lower than a month ago and 32 cents lower than at this time last year. It remains 3 cents per gallon higher than the national average.

AAA found self-serve, regular selling for as low as $2.75 per gallon and as high as $3.43.

"This is the first time in almost four years that the average price for regular unleaded gasoline at the pump has fallen below three dollars a gallon and the decline comes at a great time for consumers," said Mary Maguire, AAA Southern New England director of public and legislative affairs. "They'll now have more cash to spend on holiday travel, gifts, and festivities."

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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