PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island rose 6 cents week to week to $3.44 per gallon, level with the national average, AAA Northeast said on Monday.
Blustery winter weather and geopolitical tensions were blamed for higher oil prices, which is in the low-$90s per barrel, nearly $30 more than in August. The recent cold weather in the U.S also increased the demand for heating oil. Meanwhile, the concern that Russia will react to potential Western sanctions by withholding crude oil from the already tight global market puts heavy upward pressure on prices.
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“This shows how events on the other side of the globe can have a noticeable impact right here in the U.S,” said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast, in a statement. “And unfortunately for drivers, they are reminded of this by higher prices at the pump.”
One year ago, the average price for regular unleaded gasoline in Rhode Island was $2.44 per gallon.
- Midgrade gas in Rhode Island averaged $3.77 per gallon Monday.
- Premium gas averaged $4.01 per gallon.
- Diesel fuel averaged $3.81 per gallon.
In Massachusetts, the average price of regular gas rose 4 cents week to week to $3.44 per gallon, level with the national average.
- Midgrade gas in Massachusetts averaged $3.71 per gallon Monday.
- Premium gas averaged $3.94 per gallon.
- Diesel fuel averaged $3.81 per gallon.
