standing gas pump

PROVIDENCE — The average price for a gallon of gas is down 5 cents this week following a decline in crude oil prices nationwide.

A survey conducted through AAA Northeast on Monday found self-serve, regular unleaded gasoline averaging $3.27 per gallon in Rhode Island. The price marks a 14-cent drop over the past month and prices are now 9 cents lower than they were on the same day last year.

The national average for a gallon of gas fell 3 cents since last week to $3.39, the result of oil prices falling into the mid $70s per barrel, nearly $5 cheaper than a week ago.

“The cost for oil accounts for 55% of what we pay at the pump,” said Diana Gugliotta, director of public affairs for AAA Northeast, "so higher or lower oil costs will play a major role in the price we pay when fueling up.”

AAA Northeast’s survey of fuel prices found the current national average to be 5 cents lower than last week at $3.36 per gallon. Today’s national average price is 14 cents lower than a month ago and is 24 cents lower than the same day last year.

— Jason Vallee

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.