Gas prices decline but remain high

GAS PRICES IN RHODE ISLAND and Massachusetts both declined this week by a few cents, but remain significantly higher than they were one year ago. / BLOOMBERG FILE PHOTO/LUKE SHARRETT
GAS PRICES IN RHODE ISLAND and Massachusetts both declined this week by a few cents but remain significantly higher than they were one year ago. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

PROVIDENCE – The price of self-serve, regular unleaded gasoline declined 4 cents this week in Rhode Island to average $2.95 per gallon, 3 cents above the national average, according to AAA Northeast Monday.

Prices in the Ocean State ranged 35 cents from a low of $2.74 to a high of $3.09 per gallon. Last year at this time, prices were 65 cents lower at $2.30 per gallon.

“Gas prices are falling across the country, while remaining more expensive than they were a year ago,” said Lloyd Albert, AAA Northeast senior vice president of public and government affairs, in a statement. “The higher prices in recent weeks seem to be influencing driving habits. While consumer gasoline demand remains strong, it is slowing and not growing.”

  • Midgrade gas prices averaged $3.14 per gallon this week, ranging from $2.95 to $3.39 per gallon.
  • Premium gas averaged $3.34 per gallon this week, ranging from $3.15 to $3.52 per gallon.
  • Diesel fuel averaged $3.19 per gallon, ranging from $3.05 to $3.36 per gallon.

In Massachusetts, the average price of regular gas declined 3 cents to $2.89 per gallon, 3 cents below the national average. Prices ranged 34 cents from a low of $2.72 to a high of $3.06 per gallon. Last year at this time, prices in Massachusetts were 63 cents lower at $2.26 per gallon.

  • Midgrade gas averaged $3.09 this week, ranging from $2.88 to $3.29 per gallon.
  • Premium gas averaged $3.25 per gallon, ranging from $2.95 to $3.49 per gallon.
  • Diesel fuel averaged $3.15 this week, ranging from $3.09 to $3.24 per gallon.
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