Gas prices haven’t made recovery from pre-Hurricane Harvey levels

Gas prices haven’t made recovery from pre-Hurricane Harvey levels



 

PROVIDENCE – Despite some declines in the months that followed Hurricane Harvey, prices have meandered around the $2.60 mark and remain 25 to 30 cents higher than they were in late August just before the hurricane struck Texas.

The price in Rhode Island is one cent lower this week, according to the latest study through AAA Northeast, but the small decline does little to push the average price as it remains at $2.59. Rhode Island’s price now sits 11 cents above the national average of $2.48.

“While prices locally have come down from the post-Harvey highs, increases in crude oil prices from OPEC production cuts along with solid demand throughout the fall have kept them from tumbling further or quicker,” said Lloyd Albert, senior vice president of public affairs and government for AAA Northeast.  

“We’re hopeful that cheaper winter gas prices are on our door step as current demand is hitting the lowest mark since back in February,” he added.

A year ago at this time, prices were 39 cents lower in Rhode Island with the average gallon costing $2.20, according to AAA Northeast.

The range in prices for the latest survey is 26 cents, from a low of $2.44 to a high of $2.70.

Today’s local gas prices and their range are as follows:

Self Serve, Grade

$2.59 ($2.44-$2.70), Regular Unleaded

$2.88 ($2.64-$2.99), Midgrade Unleaded

$3.02 ($2.68-$3.19), Premium Unleaded

$2.81 ($2.76-$2.89), Diesel

– Jason Vallee


 
 
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