PROVIDENCE – The last AAA Northeast gasoline price report in 2018 showed continuing declines in the price of self-serve, regular unleaded gasoline in Rhode Island and Massachusetts Monday, with both the Ocean State and the Bay State seeing 4 cents per gallon declines over the last seven days.
Rhode Island’s average price of regular gas fell to $2.46 per gallon, 20 cents about this week’s national average and 2 cents more than it cost a year ago at this time. The state ended the year with price drops for 11 consecutive weeks.
Prices ranged 26 cents, from $2.34 to $2.60 per gallon.
- Midgrade gas averaged $2.83 per gallon, ranging from $2.59 to $3.27 per gallon
- Premium gas averaged $2.96 per gallon, ranging from $2.85 to $3.06 per gallon
- Diesel fuel averaged $3.15 per gallon, ranging from $2.89 to $3.45 per gallon
Massachusetts drivers also saw a 4 cent per gallon price drop for self-serve, regular unleaded gasoline, ending the seven-day period with an average price of $2.53 per gallon. The cost of gas is now 27 cents higher than the nation average, as well as 10 cents more than it was a year ago.
The price of regular, self-serve unleaded gas ranged 58 cents in Massachusetts, from $2.21 to $2.79 per gallon.
- Midgrade gas in Massachusetts averaged $2.79 per gallon, ranging from $2.45 to $3.19 per gallon
- Premium gas averaged $3.02 per gallon, ranging from $2.73 to $3.39 per gallon
- Diesel fuel averaged $3.11 per gallon, ranging from $2.85 to $3.35 per gallon
“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season,” said Lloyd Albert, AAA senior vice president of public and government affairs, in prepared remarks. “At the same time, OPEC will begin production cuts Jan. 1, with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter.”