standing gas pump

PROVIDENCE — For the past four months, gas prices in Rhode Island have been on a slow but steady decline. That trend could soon be coming to an end, however.

Gasoline prices in Rhode Island are down one cent this week at $2.29 per gallon, according to a Monday survey conducted through AAA Northeast. A year ago at this time, the average price in Rhode Island was 30 cents higher at $2.59.

The price is now within two cents of the national average, but with rising crude oil prices and refinery maintenance season around the corner, increases may be coming according to Lloyd Albert, senior vice president of public and government affairs for AAA Northeast.

“Crude oil prices have continued their ascent in recent days, due to a growing belief that global supplies are tightening,” Albert said. “The start of refinery maintenance season plus the increased demand that comes with milder weather could start to pull pump prices higher over the coming weeks.”

The range in prices in the latest AAA survey for unleaded regular is 37 cents, from a low of $2.12 to a high of $2.49.

— Jason Vallee

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