standing gas pump

PROVIDENCE — Gas prices remain unchanged this week as supply and demand level out, but prices may soon be on the rise again.

According to a survey through AAA Northeast, the average price for a gallon of unleaded, regular gas in Rhode Island remained at $2.86 this week. The state and national average are now the same.

“The move to more stable gas prices indicates that supply and demand are potentially leveling out,” said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast. “However, there are many factors that could quickly push prices up, including the impact of Chinese tariffs, or a spike in demand or volume of Memorial Day travel. Pump price movements this week will indicate if motorists will continue to see stable gas prices or just a one-week fad.”

A year ago at this time, the average price in Rhode Island was four cents higher at $2.90.

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

— Jason Vallee

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