PROVIDENCE – Gasoline prices in Rhode Island have slipped 1 cent, AAA Southern New England reported Monday, noting that the state’s prices have not changed much recently, going up or down by a penny for the past four weeks.
The auto club’s Sept. 27 survey found the average price of self-serve, unleaded regular at Ocean State stations was $2.64 per gallon, down 1 cent from last week, but up from a year ago when it stood at $2.58.
Crude oil futures fell from the highest level in almost two weeks, Bloomberg News reported. Crude for November delivery dropped 1.1 percent to $75.63 a barrel at 11:57 a.m. on the New York Mercantile Exchange. The price ranged from $75.52 to $77.17, the highest level since Sept. 14.
“Stocks started to roll over, and you are seeing oil and everything else follow suit,” said Richard Ilczyszyn, a market strategist at Chicago-based broker Lind-Waldock, to Bloomberg News. “The euro is softening against the dollar, and it’s weighing on crude.”
In its survey, AAA found prices in Rhode Island ranging from $2.55 to $2.74 per gallon for unleaded regular. At $2.64, the average price per gallon in Rhode Island is 5 cents below than the average price nationwide.
In Massachusetts, the average price of self-serve unleaded regular also fell 1 cent this week to $2.59, dipping below $2.60 for the first time in 2010. The AAA survey found the Bay State 10 cents below the national average for self serve unleaded of $2.69.
At stations in Rhode Island this week, the survey found average self-serve prices of $2.79 per gallon for midgrade unleaded, $2.93 for premium unleaded gasoline, and $2.96 for diesel.
For more information, visit AAA.com
