PROVIDENCE – Gasoline prices in Rhode Island have held steady for the second week in a row, AAA Southern New England reported Monday.
The auto club’s Nov. 30 survey found the average price of self-serve, unleaded regular at Ocean State stations was still $2.66 per gallon, the same as last week and a penny less than the average five weeks ago.
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The price of crude oil, which has increased 72 percent since the start of this year, is set to fall 0.4 percent this month, its first decline in four months, Bloomberg News reported. Crude rose above $76 a barrel in New York trading on Monday morning.
“The market has run out of steam after spending most the year in an upward trajectory,” Toby Hassall, a research analyst with CWA Global Markets Pty in Sydney, Australia, told Bloomberg. “The market is still coming to terms with the implications of the Dubai debt scare for oil,” he added.
In its survey, AAA found prices in Rhode Island ranging from $2.57 to $2.82 per gallon for unleaded regular. At $2.66, the average price per gallon in Rhode Island is 4 cents higher than the average price nationwide of $2.62.
A year ago, gas prices in Rhode Island stood at $1.85 per gallon, 81 cents below Monday’s price, after falling from the record highs of the previous summer, according to AAA.
Prices also stayed the same in Massachusetts for the third week in a row. The AAA survey found the average price of self-serve, unleaded regular was $2.61 per gallon in the Bay State, also a penny higher than the average five weeks ago and a nickel less than Rhode Island’s average.
At stations in Rhode Island this week, the survey found average self-serve prices of $2.81 per gallon for midgrade unleaded, $2.92 for premium unleaded gasoline, and $2.88 for diesel.
For more information, visit AAA.com.
