PROVIDENCE – Gasoline prices in Rhode Island remain unchanged from last week, showing continued stability, AAA Southern New England reported Monday.
The auto club found the average price of self-serve, regular unleaded gas to be $2.74 per gallon in its July 26 survey, compared with an average of $2.58 per gallon a year ago.
According to Bloomberg News, the price of crude oil is up from last week, fluctuating at about $79 per barrel due to recent housing data.
“We had a housing number this morning that wasn’t as bad as some guys have been looking for, and that was somewhat bullish for equities, which dragged oil up” Rich Ilczyszyn, a senior market analyst with broker Lind-Waldock, told Bloomberg.
Oil for September delivery also rose, posting at $78.88 per barrel at 10:43 a.m. on the New York Mercantile Exchange, compared with $77.93 per barrel last Monday.
AAA found prices in the Ocean State ranging from $2.58 to $2.98 for self-serve, unleaded regular. The state average is now equal to the national average of $2.74 per gallon.
Gasoline prices in Massachusetts also saw no movement from last week, holding at $2.68 per gallon of self-serve, regular unleaded. The average price in the Bay State is now 6 cents below the national average.
This week’s survey also found average self-serve prices at Rhode Island gas stations of $2.90 per gallon of midgrade unleaded, $3.02 per gallon of premium unleaded and $3.00 per gallon of diesel.
For more information, visit AAA.com.
