PROVIDENCE – The average price of self-serve, regular unleaded gas in Rhode Island jumped 9 cents from last week to $3.18 per gallon, 10 cents below the national average of $3.28 per gallon, AAA Northeast said Tuesday.
“The key driver for this recent rise in the price of gas is crude oil, which typically accounts for between 50% and 60% of the price at the pump,” said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast, in a statement. “And last week’s decision by OPEC and its oil-producing allies to not increase production further also helped boost gas prices by tightening the supply.”
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
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One year prior, the average price of regular gas in Rhode Island was $2.13 per gallon.
- Midgrade gas in Rhode Island averaged $3.50 per gallon Tuesday.
- Premium gas averaged $3.75 per gallon.
- Diesel fuel averaged $3.37 per gallon.
In Massachusetts, the average price of regular gas Tuesday was $3.19 per gallon, a rise of 8 cents week to week.
- Midgrade gas in the state averaged $3.46 per gallon.
- Premium gas averaged $3.69 per gallon.
- Diesel fuel averaged $3.36 per gallon.
