Gas prices still dropping in the region

GASOLINE PRICES CONTINUED THEIR DROP, according to AAA Northeast, as traditional seasonal lowered demand combine with increasing stocks of fuel. / COURTESY AAA NORTHEAST
GASOLINE PRICES CONTINUED THEIR DROP, according to AAA Northeast, as traditional seasonal lowered demand combine with increasing stocks of fuel. / COURTESY AAA NORTHEAST

PROVIDENCE – Seasonally low demand and increasing stocks of gasoline continue to drive the price of self-serve, unleaded regular fuel down, according to AAA Northeast Monday. The average price of regular unleaded gas in Rhode Island fell 4 cents  over the last week to $2.36 per gallon, 12 cents higher than the national average and 18 cents lower than at this time last year.

Prices for unleaded regular ranged from $2.23 to $2.59 per gallon.

  • Migrade gas averaged $2.60 per gallon, ranging from $2.45 to $2.67 per gallon
  • Premium gas averaged $2.80 per gallon, ranging from $2.68 to $2.87 per gallon
  • Diesel fuel averaged $3.04 per gallon, ranging from $2.84 to $3.17 per gallon

“If demand remains seasonally low amid continued growth in gasoline stocks across the country, Americans may see pump prices remain low for the remainder of winter – assuming there are no unforeseen spikes in oil prices,” said Lloyd Albert, AAA Northeast senior vice president of public and government affairs.

In Massachusetts, the price of self-serve, unleaded regular gas fell 3 cents to $2.41 per gallon, 17 cents higher than the national average and 10 cents lower than this time last year.

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Unleaded regular prices in the Bay State ranged from $2.17 to $3.05 per gallon.

  • Midgrade gas averaged $2.69 per gallon, ranging from $2.49 to $3.09 per gallon
  • Premium gas averaged $2.86, ranging from $2.69 to $3.29 per gallon
  • Diesel fuel averaged $3.03 per gallon, ranging from $2.84 to $3.59 per gallon