Gas prices stagnate in R.I.

GASOLINE PRICES stagnated in Rhode Island this week and fell 2 cents in Massachusetts, according to AAA Southern New England's weekly survey of the area's pump prices.
Posted 12/3/12

PROVIDENCE – Gasoline prices in Rhode Island were unchanged this week after seven consecutive weeks of decline, according to AAA Southern New England.

The cost of self-serve, unleaded regular averaged $3.65 per gallon in the Ocean State – holding steady from last week and dropping 9 cents over the last month – according to the trade group’s weekly survey of Rhode Island’s pump prices.

Rhode Island’s price is 26 cents greater than the $3.39 national average for a gallon of self-pump, regular unleaded.

AAA recommended consumers shop around for the best deal due to a 30 cent range in unleaded regular. Drivers could pay anywhere from $3.50 to $3.80 for a gallon of self-serve unleaded regular in the Ocean State.

This week, pump prices ranged from $3.95 per gallon for midgrade to $4.06 for premium unleaded and $4.17 for diesel. A year ago, gas in the Ocean State cost an average $3.40 for a gallon of regular unleaded.

Gas prices in Massachusetts fell by 2 cents this week to $3.55 per gallon of self-serve unleaded, according to AAA.

Bay State gas prices ranged from $3.75 per gallon for midgrade unleaded to $3.87 for premium and $4.09 for diesel.

Pump prices in the Bay State have dropped 11 cents over the past month. A year ago at this time, the Massachusetts average price for a gallon of regular unleaded gas was $3.29.

The average nationwide cost for regular gasoline fell 0.4 cents to $3.39 a gallon, the lowest average since July 11, said the AAA website. Pump prices reached a 2012 high of $3.94 on April 4.

According to GasBuddy, 2012 will go down as the year with the highest average gas prices in the United States.

“We did the math and the numbers don’t lie,” Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. “Last year’s average price of gasoline nationwide was $3.51 per gallon. The national average price of gasoline in the U.S. would have to drop to $2.35 per gallon or lower for every day for the remainder of 2012 in order for the 2012 yearly average price to fall below last year’s level.”

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