R.I. gas prices dip 2 cents this week

THE AVERAGE price of regular gas in Rhode Island was $2.01 per gallon Monday. / AP FILE PHOTO/JOHN RAOUX
THE AVERAGE price of regular gas in Rhode Island was $2.01 per gallon Monday. / AP FILE PHOTO/JOHN RAOUX

PROVIDENCE – The average price of self-serve, regular unleaded gasoline declined 2 cents week to week to $2.01 per gallon, 20 cents higher than the national average of $1.81 per gallon, according to AAA Northeast Monday.

Prices in the state were 69 cents lower than prices one year prior and ranged 72 cents from a low of $1.67 to $2.39 per gallon.

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“As oil inventories continue to grow around the globe and crude demand falls worldwide, crude prices have dropped dramatically as the public health, economic and financial impact of COVID-19 increases,” said Lloyd Albert, senior vice president of AAA public and government affairs, in a statement. “Crude prices will likely remain volatile this week, as the market continues to assess how low crude prices could fall during the ongoing pandemic.” 

  • Midgrade gas averaged $2.48 per gallon, ranging from $2.14 to $2.61 per gallon.
  • Premium gas averaged $2.70 per gallon, ranging from $2.34 to $3.03 per gallon.
  • Diesel fuel averaged $2.77 per gallon, ranging from $2.32 to $2.99 per gallon.

 

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In Massachusetts, the average price of regular gas remained unchanged from one week prior at $1.94 per gallon, 13 cents higher than the national average. Prices ranged $1.02, from $1.57 to $2.59 per gallon. One year prior, prices were 75 cents higher at $2.69 per gallon.

  • Midgrade gas averaged $2.33 per gallon, ranging from $1.89 to $2.82 per gallon.
  • Premium gas averaged $2.57 per gallon, ranging from $2.09 to $2.99 per gallon.
  • Diesel fuel averaged $2.69 per gallon, ranging from $2.43 to $3.29 per gallon.

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