Home Economy Economic Activity R.I. and Mass. gas prices continue sharp jump

R.I. and Mass. gas prices continue sharp jump

THE AVERAGE PRICE OF GAS in Rhode Island and Massachusetts continued to climb this week. / BLOOMBERG FILE PHOTO/AKOS STILLER
THE AVERAGE PRICE OF GAS in Rhode Island and Massachusetts continued to climb this week. / BLOOMBERG FILE PHOTO/AKOS STILLER

PROVIDENCE – The price of self-serve, regular unleaded gasoline in Rhode Island increased 7 cents to average $2.82 per gallon this week, 1 cent above the national average, according to AAA Northeast Monday.

Prices ranged 33 cents, from $2.66 per gallon to a high of $2.99 per gallon.

Last year at this time, prices in Rhode Island were 48 cents lower at $2.34 per gallon.

  • Midgrade gas averaged $3.11 per gallon, ranging from $3.04 to $3.29 per gallon.
  • Premium gas averaged $3.28 this week, ranging from $2.89 to $3.41 per gallon.
  • Diesel fuel averaged $3.16 per gallon, ranging from $3.05 to $3.29 per gallon.

“Crude oil prices topped $68 a barrel today, rising 2.9 percent and hitting a three-year high,” said Lloyd Albert, AAA Northeast senior vice president of public and government affairs, in a statement. “That spike in crude oil, combined with increased demand as the summer travel season approaches, is sharply pushing prices at the pump.”

Prices of regular gas in Massachusetts increased 8 cents this week to average $2.75 per gallon. Prices ranged 40 cents from $2.59 to $2.99 per gallon.

Last year at this time, prices were 43 cents lower at $2.32 per gallon.

  • Midgrade gas averaged $2.99 per gallon this week, ranging from $2.79 to $3.39 per gallon.
  • Premium gas averaged $3.16 per gallon this week, ranging from $2.91 to $3.49 per gallon.
  • Diesel fuel in Massachusetts averaged $3.05 per gallon this week, ranging from $2.98 to $3.24 per gallon.

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