RI Gas Prices Drop 4 Cents From Last Week

GoLocalProv Business Team

RI Gas Prices Drop 4 Cents From Last Week

RI gas prices drop four cents.
Rhode Island gas prices dropped four cents from last week, according to AAA Northeast.

This marks the 11th straight week in which gas prices have fallen.

“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season. At the same time, OPEC will begin production cuts January 1 with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter,” said Lloyd Albert, AAA Senior Vice President of Public and Government Affairs.

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AAA Northeast’s December 31 survey of prices in Rhode Island finds self-serve, regular unleaded averaging $2.46 per gallon, four cents less than a week ago. Rhode Island’s price is 20 cents higher than the national average of $2.26.

A year ago at this time, the average price in Rhode Island was two cents higher at $2.48 per gallon.

Today’s local gas prices and their ranges are as follows:

Self Serve                            Grade            

$2.46 ($2.34-$2.60)            Regular Unleaded        

$2.83 ($2.59-$3.27)            Midgrade Unleaded        

$2.96 ($2.85-$3.06)            Premium Unleaded        

$3.15 ($2.89-$3.45)            Diesel                

 

For a full list of prices, click here.


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