AAA: Lowest mid-August gas prices in more than 10 years

GASOLINE PRICES fell 4 cents from last week in both Rhode Island and Massachusetts, representing the sixth consecutive week of declines and the lowest mid-August gasoline prices in more than a decade, AAA Northeast said. / BLOOMBERG FILE PHOTO/ANDREW HARRER
GASOLINE PRICES fell 4 cents from last week in both Rhode Island and Massachusetts, representing the sixth consecutive week of declines and the lowest mid-August gasoline prices in more than a decade, AAA Northeast said. / BLOOMBERG FILE PHOTO/ANDREW HARRER

PROVIDENCE – Gasoline prices fell 4 cents from last week in both Rhode Island and Massachusetts, representing the sixth consecutive week of declines and the lowest mid-August gasoline prices in more than a decade, AAA Northeast said.

AAA’s Aug. 17 price survey showed that self-serve, regular unleaded gasoline is averaging $2.56 per gallon in Rhode Island, which is 18 cents less than a month ago and 12 cents less than the national average of $2.68.

A year ago, Rhode Island’s average price was nearly a dollar higher at $3.55.
“You have to go all the way back to 2004 to find prices this low in the middle of August,” Lloyd Albert, senior vice president of public and government affairs for AAA Northeast, said in a statement. “Continued economic woes in the Far East, plus a global crude oil oversupply, are sending oil prices to new daily lows, translating into lower pump prices for motorists.”
Prices in the Ocean State range from $2.33 to $2.73, and prices of other grades of gasoline are as follows: $2.85, midgrade unleaded; $3, premium unleaded; and $2.74, diesel.
In Massachusetts, the cost of regular, self-serve gasoline is $2.49 per gallon; prices are 18 cents less than a month ago, and 19 cents less than the national average for self-serve unleaded. Like in Rhode Island, prices in Massachusetts a year ago were nearly a dollar higher at $3.48.
Massachusetts prices range from $2.25 to $3.05. Other gasoline grades are as follows: $2.77, midgrade unleaded; $2.96, premium unleaded; and $2.82, diesel.

AAA offered the following fuel-saving tip: At highway speeds, a car is more fuel efficient with the air conditioner on and the windows up than the air conditioner off and the windows down.

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