Home Economy Economic Activity R.I., Mass. gas prices fall despite highest demand of year last week

R.I., Mass. gas prices fall despite highest demand of year last week

By

PBN Staff

-

03/17/2025

Consumer gas prices — THE AVERAGE WEEKLY price of self-serve, regular unleaded gasoline in Rhode Island decreased 2 cents to $2.91 per gallon, which is 16 cents lower than the national average, AAA Northeast said March 17. / ASSOCIATED PRESS FILE PHOTO/JOHN RAOUX

PROVIDENCE – The average weekly price of self-serve, regular unleaded gasoline in Rhode Island decreased 2 cents to $2.91 per gallon. That price is 16 cents lower than the national average, AAA Northeast said Monday. Northeast gasoline prices continue to buck the seasonal trend, falling at a time they typically climb thanks to sizable inventories

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber

Critical RI business news and analysis updated daily.
1 year of print (26 issues).
Unlimited access to all subscriber only content on our website, on any device.
Free email alerts.
Annual Book of Lists Print Edition.
All special issues produced during subscription term.

Click Here to purchase a paywall bypass link for this article

PBN Branded Content

It’s Okay Not to Be Okay: Why We Need to Talk About Maternal Mental Health

Q&A with Megin Dalton, MD, Center for Women’s Health at South County Health Each May,…

Learn More

No posts to display

LEAVE A REPLY Cancel reply

PROVIDENCE – The average weekly price of self-serve, regular unleaded gasoline in Rhode Island decreased 2 cents to $2.91 per gallon. That price is 16 cents lower than the national average, AAA Northeast said Monday. Northeast gasoline prices continue to buck the seasonal trend, falling at a time they typically climb thanks to sizable inventories that remain well above average and economic uncertainty gripping global markets, the agency said Monday. The dip in prices comes despite demand for gasoline last week reaching the highest level of the year at 9.18 million barrels a day, according to the Energy Information Administration. That’s an increase of 300,000 barrels a day from the previous week and the highest seen for an early March week since 2020. However, the stronger domestic demand wasn’t enough to keep petroleum prices from falling alongside stocks and commodities as uncertainty about tariffs and trade injected volatility into markets last week, AAA said. Global demand is also weighing heavily on prices, particularly because OPEC, or the Organization of the Petroleum Exporting Countries, production increases are expected to begin in April. “As more Americans took to the road last week, they enjoyed markedly lower gas prices this year than last,” said Jillian Young, director of public relations for AAA Northeast. “In Rhode Island, for example, prices are 30 cents lower than they were last year.” Midgrade gas in Rhode Island averaged $3.61 per gallon this week, premium gas averaged $3.99 per gallon and diesel fuel averaged $3.78 per gallon. In Massachusetts, the average price of self-serve, regular unleaded gas decreased 4 cents to $2.95 per gallon. That price is 12 cents lower than the national average and 29 cents less than a year ago. Midgrade gas in the Bay State averaged $3.55 per gallon, premium gas averaged $3.91 per gallon and diesel fuel averaged $3.82 per gallon.