TRANSPORTATION

R.I. pump prices drop 7 more cents

BLOOMBERG FILE PHOTO/CHIP CHIPMAN
GAS PRICES FELL IN BOTH RHODE ISLAND and Massachusetts this week according to AAA Southern New England.
Posted 12/17/12

PROVIDENCE – Gasoline prices in Rhode Island fell 7 cents this week, the second consecutive week of declines, AAA Southern New England said Monday.

The cost of self-serve, unleaded regular averaged $3.52 per gallon in the Ocean State – dropping 7 cents over last week and 14 over the last month – according to the trade group’s weekly survey of Rhode Island’s pump prices.

Rhode Island’s price is 27 cents greater than the $3.25 national average for a gallon of self-pump, regular unleaded.

This week, pump prices ranged from $3.79 per gallon for midgrade to $3.93 for premium unleaded and $4.11 for diesel. A year ago, gas in the Ocean State cost an average $3.34 for a gallon of regular unleaded.

Gas prices in Massachusetts fell 5 cents this week to $3.43 per gallon of self-serve unleaded, 18 cents above the national average, according to AAA.

Bay State gas prices ranged from $3.64 per gallon for midgrade unleaded to $3.76 for premium and $4.05 for diesel.

Pump prices in the Bay State have dropped 16 cents over the past month. A year ago at this time, the Massachusetts average price for a gallon of regular unleaded gas was $3.22.

The average nationwide cost for regular gasoline fell 9 cents to $3.25 a gallon, the lowest average since July 11, said the AAA website. Pump prices reached a 2012 high of $3.94 on April 4.

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