PROVIDENCE – “Lower oil prices are leading to plunging prices at the pump, with a 21-cent drop in Rhode Island in the last week,” and an 18-cent decline in Massachusetts, “pushing the average price ever closer to the $3-per-gallon mark” Lloyd P. Albert, senior vice president of public and government affairs for AAA Southern New England, wrote today in the nonprofit auto club’s weekly fuel-price report.
AAA’s Oct. 14 survey found the average price of self-serve, regular unleaded gasoline at Ocean State stations was $3.149 per gallon. The week’s 21-cent decline follows a 14-cent decline the week before. (READ MORE)
“Prices haven’t been this low since mid-April,” Albert noted. A year ago, the average price of unleaded regular in Rhode Island was $2.679.
Nationwide over the past week, the average price of self-serve regular plunged 34 cents to $3.169 per gallon, after falling 14 cents the week before, AAA found.
In Massachusetts, the average price of self-serve regular fell 18 cents over the past week – accelerating from declines of 15 cents the week ended Oct. 6 – to an Oct. 14 price of $3.149 per gallon, the same as in the Ocean State. A year ago, the average Bay State price was $2.649.
Meanwhile, at Rhode Island stations this week, the range in self-serve prices for unleaded regular widened to 60 cents, from a low of $2.899 to a high of $3.499, AAA said. Similar ranges were seen for other grades of fuel, which had average self-serve prices of $3.279 for midgrade unleaded (down 19 cents per gallon), $3.419 for premium unleaded gasoline (down 17 cents) and $3.969 for diesel (down 19 cents).
AAA Southern New England is a nonprofit auto club providing travel, insurance, finance and auto-related services to more than 2 million local members with 34 offices in Rhode Island and Massachusetts. To find the most up-to-date self-service and full-service gasoline prices in a given area, go to www.AAA.com and click on Gas Saving Tips & Tools.
