R.I., Mass. gas prices dip this week

THE AVERAGE PRICE of regular gas in Rhode Island declined 5 cents this week to $2.76 per gallon. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
THE AVERAGE PRICE of regular gas in Rhode Island declined 5 cents this week to $2.76 per gallon. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 5 cents this week to $2.76 per gallon, 2 cents higher than the national average of $2.74 per gallon and 19 cents lower than prices at this time last year, according to AAA Northeast Monday.

Prices ranged 35 cents from $2.54 to $2.89 per gallon.

  • Midgrade gas averaged $2.98 this week, ranging from $2.77 to $3.17 per gallon.
  • Premium gas averaged $3.19, ranging from $2.97 to $3.35 per gallon.
  • Diesel fuel averaged $3.06, ranging from $2.84 to $3.39 per gallon.

“Refinery utilization in the United States is at its highest level since early January, resulting in supplies at healthy levels to meet robust consumer demand,” AAA Northeast Senior Vice President of Public and Government Affairs Lloyd Albert said in a statement. “Prices are dropping due to cheaper crude oil and at the same time U.S. supply is keeping pace with demand. The national average is poised to fall to at least $2.70 this week – an indication that pump prices may be even cheaper this summer.”

In Massachusetts, the average price of regular gas declined 4 cents this week to $2.71 per gallon, 3 cents lower than the national average and 18 cents lower than at this time last year.

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Prices ranged 52 cents, from $2.53 to $3.05 per gallon.

  • Midgrade gas averaged $2.92 per gallon, ranging from $2.79 to $3.25 per gallon.
  • Premium gas averaged $3.10 per gallon, ranging from $2.95 to $3.45 per gallon.
  • Diesel fuel averaged $3.07 per gallon, ranging from $2.79 to $3.45 per gallon.