PROVIDENCE — Summer gas prices, meet growing inventories.
Gasoline prices in Rhode Island are down five cents this week and enjoying their fifth consecutive week of decline, according to AAA Northeast. Officials attributed the drops to growing inventories and said if the decline continues, it could lead to a bump in the number of summer travelers.
“Filling-up at the pump this summer could mean savings as much as a quarter a gallon,” said Diana Imondi, manager of public affairs and traffic safety for AAA Northeast. “Cheaper prices could entice motorists to travel more and even take some last minute road trips.”
Monday's survey of prices in Rhode Island found self-serve, regular unleaded averaging $2.67 per gallon. Rhode Island’s price is one cent higher than the national average of $2.66 for regular unleaded.
The average price in Rhode Island has dropped for five consecutive weeks, dipping from $2.86 on May 20. A year ago at this time, the average price in Rhode Island was 28 cents higher at $2.95.
A year ago at this time, the average price in Rhode Island was 28 cents higher at $2.95.
The range in prices in the latest AAA survey for unleaded regular is 36 cents, from a low of $2.53 to a high of $2.89.