Average retail gasoline prices in Rhode Island have risen 1.7 cents per gallon in the past week, averaging $2.55 on Jan. 1, according to GasBuddy's daily survey of 463 gas outlets in Rhode Island. The national average was $2.48/g, according to GasBuddy.com. Prices as of Monday were 21.4 cents per gallon higher than the beginning of 2017, and 4.8 cents per gallon lower than a month ago. The national average was 13.6 cents per gallon higher than this day one year ago.
According to GasBuddy’s historical data, gasoline prices on Jan. 2 in Rhode Island have ranged widely over the last five years: $2.34 in 2017, $2.03 in 2016, $2.44 in 2015, $3.54 in 2014 and $3.54 per gallon.
Patrick DeHaan, head of petroleum analysis for GasBuddy said that the severe cold now “is likely to drive up demand for heating oil, propane and other petroleum products, which is certainly a bullish start to the year.”