PROVIDENCE – Gasoline prices continued their upward climb last week as the cost of a gallon rose 10 cents in Rhode Island and 9 cents in Massachusetts, AAA Southern New England reported today.
The auto club’s May 26 survey found the average price of self-serve, unleaded regular at Ocean State stations was $2.43 per gallon. That was 10 cents higher than the average price last week and an increase of 35 cents from a month ago, when the price stood at $2.08 per gallon.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More
Although an increase in gasoline prices is an annual rite of spring, this year’s run-up has been the largest in more than a decade. However, analysts say prices could fall as refiners ramp up production and the price of oil stabilizes.
In its survey, AAA found prices in Rhode Island ranging from $2.31 to $2.49 per gallon for unleaded regular. (The survey, which usually comes out on Monday, was delayed until today because of the Memorial Day holiday.)
At $2.43, the average price per gallon in Rhode Island is 1 cent higher than the average price nationwide of $2.42. But the current average is still $1.53 less than the statewide average of $3.96 per gallon a year ago.
In Massachusetts, the survey found the average price of self-serve, unleaded regular was $2.35 per gallon, up nine cents from last week and 34 cents from a month ago, but seven cents below the national average.
At stations in Rhode Island this week, the survey found average self-serve prices of $2.55 per gallon for midgrade unleaded, $2.66 for premium unleaded gasoline, and $2.41 for diesel.
For more information, visit AAA.com.
