R.I. gas prices fall 1 cent this week

PRICES FOR SELF-SERVE regular unleaded gas decreased one cent this week according to AAA Northeast. /BLOOMBERG FILE PHOTO/DANIEL ACKER
PRICES FOR SELF-SERVE regular unleaded gas decreased one cent this week according to AAA Northeast. /BLOOMBERG FILE PHOTO/DANIEL ACKER

PROVIDENCE – Prices for self-serve, regular unleaded gas in Rhode Island decreased 1 cent this week to $2.34 per gallon, four cents below the national average of $2.38 per gallon, AAA Northeast said on Monday.

Rhode Island gas prices are 2 cents higher than this time last year. Gas prices in the state have a range of 34 cents, from $2.16 to $2.49 per gallon.

“The moderate decline in gasoline prices is typical following a long, holiday weekend,” Lloyd Albert, senior vice president of public and government affairs for AAA Northeast, said in a statement. “At the same time, crude oil starting today under $50 per barrel shows that the market is expressing serious skepticism about OPEC’s ability to rebalance global supply through its production cuts.”

Self-serve, regular unleaded gasoline in Massachusetts averaged $2.30 per gallon, 8 cents below the national average and 4 cents below Rhode Island gas prices. Prices in Massachusetts have a range of 20 cents, from $2.25 to $2.45 Massachusetts gas prices are 1 cent higher year over year.

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The national average price for self-serve regular unleaded increased 1 cent this week, 2 cents higher than this time last year.

Chris Bergenheim is the PBN web editor.

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