PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island increased to $4.18 per gallon, 9 cents more than last week and 1 cent lower than the national average, AAA Northeast said on Monday.
The agency blamed the latest increase primarily on the high cost of crude oil. The cost of a barrel of crude continues to hover around $100. With the oil price accounting for about 60% of pump prices, the national average for a gallon of regular gasoline is now $4.19, an increase of 7 cents since Monday, April 25.
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“As long as the supply remains tight, it will be hard for crude oil prices to fall and consumers will in turn face higher prices at the pump,” Lloyd Albert, senior vice president of public and government affairs for AAA Northeast, said in a statement. “It now costs drivers in the U.S. about $23 more to fill up than a year ago.”
One year ago, the average price for regular unleaded gasoline in Rhode Island was $2.83 per gallon.
Midgrade gas in Rhode Island averaged $4.55 per gallon Monday.
Premium gas averaged $4.81 per gallon.
Diesel fuel averaged $5.89 per gallon.
In Massachusetts, the average price of regular gas increased 8 cents week to week to $4.21 per gallon.
One year ago, the average price for regular unleaded gasoline in Massachusetts was $2.79 per gallon.
Midgrade gas in Massachusetts averaged $4.53 per gallon Monday.
Premium gas averaged $4.77 per gallon.
Diesel fuel averaged $5.89 per gallon.
