standing gas pump

PROVIDENCE — Gasoline stocks in the U.S. are running at a deficit when compared to 2018, but that hasn't impacted prices as the price per gallon continues to drop slightly nationwide.

Prices for a gallon of regular, unleaded gasoline have remained the same for the second week in a row, according to a Monday survey through AAA Northeast. Costs have now remained at $2.86 per gallon for the past several weeks, while national prices dipped a penny this week to $2.85.

“Gas prices are getting cheaper for the majority of drivers, despite the fact that gasoline stocks in the U.S. are running at a deficit compared with last year,” said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast. “Crude oil prices have been relatively stable in the past few months, and that stability is moderating pump prices. Nearly half the country’s retailers are offering gas at $2.75 or less.”

A year ago at this time, the average price in Rhode Island was nine cents higher at $2.95.

The range in prices in the latest AAA survey for unleaded regular is 30 cents, from a low of $2.69 to a high of $2.99.

— Jason Vallee

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