As crude oil price hikes stemming from Middle East tensions mostly evaporated, commodities traders shifted focus to domestic supply and demand readings, which show supplies remain strong amid increasing demand for gas.
Last week brought a third straight weekly increase in gasoline demand, which rose nearly 400,000 barrels a day over the prior week, according to the Energy Information Administration (EIA). This is in line with expectations for strong demand typically seen in early summer.
That higher demand was a factor in national inventories of gasoline declining by 2.1 million barrels in total, according to the EIA, which might put additional upward pressure on pump prices. But in the Northeast, regional inventories increased by just over 2 million barrels, bucking the national trend. Regional supplies were up 3.2 million barrels over last year and comfortably positioned ahead of the July Fourth holiday and the next few peak weeks of the summer driving season.
“Recent geopolitical events showcased the volatile nature of oil and gas markets, but right now supply and demand are the primary factors impacting how much it costs to fill our tanks,” said Jillian Young, director of public relations for AAA Northeast. “While regional pump prices are up slightly from a month ago, they remain more than 35 cents lower per gallon than this time last year — great news for those who took July Fourth road trips.”
AAA Northeast’s June 30 survey of fuel prices found the national average down 4 cents from last week ($3.22), averaging $3.18 per gallon. Today’s national average price was 2 cents higher than a month ago ($3.16) and 31 cents lower than this day last year ($3.49).
| Region | Current Price* | One Week Ago | One Month Ago | One Year Ago |
| Connecticut | $3.17 | $3.17 | $3.10 | $3.56 |
| Massachusetts | $3.07 | $3.08 | $3 | $3.46 |
| New York | $3.21 | $3.20 | $3.12 | $3.58 |
| Rhode Island | $3.06 | $3.07 | $2.99 | $3.43 |
*Prices as of June 30, 2025
As of June 30, Mississippi and Oklahoma had the lowest prices in the nation at $2.71 and $2.73, respectively. California and Hawaii held the highest prices in the nation at $4.59 and $4.47, respectively.
The AAA Gas Prices website is your resource for up-to-date fuel price information. Search for average gas prices on national, state and metro levels by regular, plus, premium and diesel.
