AAA: R.I. gas prices hold steady, above national rate

The cost of regular, unleaded gasoline in Rhode Island held steady from last week’s rate, but the state’s consumers are still paying four cents more for than the national average of $3.67 and three cents more than Massachusetts drivers, according to AAA Southern New England’s weekly survey. More

To continue reading this article, please do one of the following.



transportation

AAA: R.I. gas prices hold steady, above national rate

BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS
AS THE summer travel season kicks off, Rhode Island’s gas prices were up 9 cents from last year’s figures.
Posted 6/2/14

The cost of regular, unleaded gasoline in Rhode Island held steady from last week’s rate, but the state’s consumers are still paying four cents more for than the national average of $3.67 and three cents more than Massachusetts drivers, according to AAA Southern New England’s weekly survey.

As the summer travel season kicks off, Rhode Island’s gas prices were up 9 cents from last year’s figures.

During Memorial Day weekend, drivers across the nation paid slightly more for gasoline than in the past two years (however, the price was down 13 cents from 2011, when prices were still at an all-time high). Despite that, consumers in Alaska, California and Hawaii paid more than $4 per gallon for the first time in 2014.

New Hampshire is the only state in New England with average prices below $3.65. Connecticut pays the most for regular gas, spending $3.92 per gallon. Rhode Island has the third highest gas prices in New England, paying 11 cents more than New Hampshire at $3.71 per gallon, which is one cent less expensive than Vermont. Massachusetts and Maine are tied at $3.68.

According to AAA, elevated global oil prices are a contributor to the current increase. On June 1, West Texas Intermediate crude oil closed at $102.71 per barrel, marking the beginning of the fourth straight week that WTI closed at more than $100 per barrel.

However, the U.S. Energy Information Administration Short-Term Energy Outlook conducted in May predicts that prices are currently peaking and will undergo a gradual decline for the rest of the summer.

AAA also noted that simmering geopolitical tensions, particularly those in Ukraine and Libya will impact global supply.

In lieu of the heightened gas prices during these popular traveling months, AAA of Southern New England recommends using its “fuel price finder” to receive up-to-date gas prices in the local area so consumers can plan trips and fill-ups accordingly.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • Healthiest Employers
    Celebrate with the Healthiest Employers in RI on August 14th at the Providence M ...
  • 40 Under Forty
    Thank you to our sponsors and to all those who attended the 10th Anniversary of ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement