PROVIDENCE — After a slight rise in costs due to the drone attack on Saudi Arabia oil facilities, prices are already beginning to taper off — and it could mean a further reduction in price in the coming weeks.
According to AAA Northeast, a survey of prices in Rhode Island on Monday found that prices at $2.50 per gallon for regular, unleaded gasoline. The price had dropped by a penny in the past week.
“Crude oil prices have dropped not far above where they were before the drone attack on Saudi oil facilities just over two weeks ago,” said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast. “This is helping to push gas prices cheaper in most of the country and motorists in the northeast can expect this trend to continue.”
A year ago at this time, the average price in Rhode Island was 34 cents higher at $2.84 per gallon.
The range in prices in the latest AAA survey for unleaded regular is 34 cents, from a low of $2.35 to a high of $2.69.
— Jason Vallee