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Gas prices spike 10 cents in a week; Mega Millions jackpot grows pas $1B

Gas prices jumped a dime in Massachusetts during the past week, driven higher by increases in the price of oil, experts say.

The average price at the pump hit $3.67 in the latest survey, according to AAA, a full ten cents higher than a week ago and 12 cents higher than a month ago,

“Gas demand, meaning people fueling up, remains tepid. It’s lower now than at this time last year and in 2021,” said Mary Maguire, AAA Northeast’s Vice President of Public and Government Affairs. “But while the heat may be keeping some folks home, it also suppresses refinery production, according to experts. Constrained supplies and a higher cost of oil are tipping the balance toward rising pump prices for now.”

Gas prices in Massachusetts remain lower than the national average, which hit $3.75 in the most recent survey. The national average jumped 16 cents in the last week, according to AAA.

Fuel prices are still lower than last year, however. The price at the pump on July 31, 2022 was $4.47, 90 cents higher than today.

Mega Millions jackpot grows pas $1B

The Mega Millions jackpot prize has grown to $1.05 billion ahead of Tuesday’s drawing.

The prize is the fifth-largest in game history, according to Mega Millions, and the cash value is estimated to about $527.9 million.

Tuesday’s drawing will be the 30th in the current sequence. The last jackpot, in which a player had all six matching numbers, was won on April 18.

Five tickets had the five matching numbers worth the $1 million prize, according to the Mega Millions. Those tickets were purchased in Arizona, California, New York and Pennsylvania. One of the two Pennsylvania winners won an additional multi-million dollar Megaplier prize.

Drawings are 10 p.m. Tuesdays and Fridays, according to a Mega Millions release.

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