Ticker: Massachusetts fuel costs down 4 cents; Moderna’s COVID-flu combo vaccine has optimistic outcomes

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Bay State fuel costs have dropped 4 cents since final week, as Northeast fuel costs notch a fifth straight week of declines on rising inventories and uninspired demand.

The typical fuel worth in Massachusetts is all the way down to $3.47 per gallon, in keeping with AAA Northeast. Monday’s worth was 11 cents decrease than a month in the past ($3.58), and is six cents decrease than June 10, 2023 ($3.53).

The state’s common fuel worth is three cents increased than the nationwide common.

“Drivers will appreciate cheaper gas in June as supply continues to outpace demand, but market watchers should keep their eyes peeled on the Atlantic Ocean in addition to the current price at the pump,” stated Mark Schieldrop of AAA Northeast, noting that oil and fuel markets are bracing for what could possibly be a report hurricane season.

It would require a hurricane to trigger fuel costs to vary path, based mostly on present market situations. Final week, home crude oil and gasoline inventories rose by 1.2 million and a pair of.1 million barrels respectively, in keeping with the Power Info Administration.

On the similar time, gasoline demand slipped 2.2% to eight.9m barrels a day, which isn’t uncommon for the post-Memorial Day interval, however a bigger drop than lately.

Moderna’s COVID-flu combo vaccine has optimistic outcomes

Moderna has introduced that its COVID-flu combo vaccine confirmed optimistic ends in its Section 3 trial.

The vax elicited increased immune responses in opposition to the flu and COVID than licensed comparator vaccines in adults 50 years and older, in keeping with the Cambridge firm.

“Combination vaccines have the potential to reduce the burden of respiratory viruses on health systems and pharmacies, as well as offer people more convenient vaccination options that could improve compliance and provide stronger protection from seasonal illnesses,” stated Moderna CEO Stephane Bancel.

“Moderna is the only company with a positive Phase 3 flu and COVID combination vaccine,” Bancel added. “Building on the momentum of positive Phase 3 data across our respiratory portfolio, we continue to address significant unmet medical needs and advance public health.”

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