New Hampshire Gas Prices Trending Down As Production Ramps Up
New Hampshire gas prices appear to be stabilizing after climbing in recent weeks.
Dan Goodman of Triple A Northern New England says the onset of summer often leads to a rise in gas prices. This month U.S. consumers saw the highest gas prices of the year, reaching an average of $2.80 per gallon.
But he says U.S. production has increased, as has production overseas.
“The world leaders in crude exports – Saudi Arabia and other Arab nations – are increasing oil production to record levels,” he says.
As of Sunday GasBuddy.com put the average cost of a gallon of gas in New Hampshire at $2.73, down a penny from the previous week.
Goodman says prices may continue to trend down as long as there’s no additional instability in the Middle East that could affect markets.