(Updated 10:18 a.m. and 2:05 p.m.)
A six-month research effort on Rhode Island’s economy delved into the Ocean State’s past as an industrial leader, its struggles during the Great Recession and its need to innovate to move forward again.
With crude oil prices at levels not seen since 2003, gasoline prices in the region continued to drop. The average price of self-serve, unleaded regular gas in Rhode Island hit $1.94 per gallon this week, 5 cents less than the price a week ago, said AAA Northeast.
For the first time since before the Great Recession, Rhode Island developers are discussing the possibility of new industrial construction, according to the Federal Reserve’s latest Beige Book report based on reports from late November to early January.