Increasing Gas Prices Could Mean Pain at the Pump for Massachusetts Drivers

Gas prices in Massachusetts have been increasing as the conflict in Iran has disrupted global oil markets. 

According to data from the U.S. Energy Information Administration, prices for regular gas in Massachusetts rose about 50 cents a gallon since the conflict began to an average of $3.40. Diesel has also experienced its own share of increases. One week ago, diesel was $4.04 a gallon, and now it's $4.83, according to a AAA analysis.

“It's a tough situation for folks who already are cutting it close or not able to make ends meet that easily or at all,” said Mark Schieldrop, senior spokesperson for AAA Northeast, in a statement shared with Boston.com. “Now they're seeing those dollars spin on the gas pump at a faster rate every time they have to fill up. It's definitely a gut punch for folks that are trying to get ahead.”  

New England remains particularly vulnerable to fuel cost increases because its market relies on imports and has limited refinery capacity, exposing the region to global price swings and disruptions along major routes, such as the Strait of Hormuz. According to Schieldrop, one-fifth of global oil passes through the Hormuz route, which has been affected by the disruptions.

Higher diesel prices are also likely to raise trucking delivery costs, which, in turn, push up prices for products such as food and household items.

According to Boston.com, the last time the Bay State felt the effects of international conflicts on gas prices was in 2022 when Russia invaded Ukraine. During that time, Massachusetts gasoline prices peaked at $5.09, and diesel hit $6.41 a gallon.

Even if tensions with Iran ease, refinery output and supply chains may suffer lasting effects, since refineries can't return to prior production levels instantly.

“We're not done yet, and things are probably going to get a little worse or significantly worse before we can start to see signs that things are going to get better,” Schieldrop stated.