The average price for a gallon of regular unleaded gas sold in Massachusetts is $3.40, down 2 cents from a week ago, according to AAA Northeast.

This week's average price is the same as it was a month ago, but $1.30 higher than it was a year ago ($2.10).

Massachusetts’ average gas price is 5 cents higher than the national average of $3.35.

Pump prices fell as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel — a price not seen since August. Also helping to ease upward pricing pressure was the decision by OPEC and its oil-producing allies not to cut production.

“Consumers may be catching a break at the pump right now, but it's not for a very good reason,” said Mary Maguire, director of public/government affairs at AAA Northeast, in a statement. "A potential COVID-19 induced economic slowdown hurts everyone and could prompt OPEC to slash production if oil prices drop too low."

The least expensive price for a gallon of gas purchased in MetroWest is $3.19 at the Sav-Mor station on South Main Street (Route 126) in Bellingham, according to gasbudy.com.

AAA Northeast is a nonprofit auto club with 71 offices in Rhode Island, Massachusetts, Connecticut, New Jersey, New Hampshire and New York, providing more than 6 million local AAA members with travel, insurance, finance, and auto-related services.

This article originally appeared on MetroWest Daily News: Average price for gas in Massachusetts is $3.40, down 2 cents