Gas prices down two cents this week; crude oil costs could impact future pricing

Gas prices down two cents this week; crude oil costs could impact future pricing



PROVIDENCE — Gas prices are down two cents this week as fall supply and demand remains steady, but a rise in crude oil pricing could impact pricing in coming weeks.

Prices to start the week were averaging $2.83 for a gallon of unleaded regular in Rhode Island, representing a two cent decline in price over the past 7 days. Rhode Island’s price remains two cents below the national average of $2.85.

“Motorists in more than half the country are seeing cheaper or stable gas prices at the start of the workweek,” said Lloyd Albert, AAA Northeast Senior Vice President of Public and Government Affairs. “Supply and demand are in sync as fall begins, though recent increases in crude oil will bear watching over the coming weeks.”

A year ago at this time, the average price in Rhode Island was 14 cents lower at $2.69 per gallon.

The range in prices in the latest AAA survey for unleaded regular is 40 cents, from a low of $2.69 to a high of $3.09. 

Jason Vallee


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