RI Gas Prices Drop Sharply

Gasoline prices in Rhode Island are down eight cents from last week, according to AAA Northeast. 

AAA’s August 11th survey of prices in Rhode Island found self-serve, regular unleaded averaging $2.59 per gallon, down eight cents from last week. Prices locally are 16 cents lower than a month ago. The current price is a penny more than the national average for regular unleaded of $2.58. A year ago at this time Rhode Island’s average price was 99 cents higher at $3.58.

“Expectations that the global oil market will remain oversupplied, at least in the near term, are keeping downward pressure on the price of crude, translating into savings at the gas pumps,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast.  “Add in the potential for demand to drop as the summer driving season winds down, and we may be seeing notable price declines heading into the Labor Day holiday.”

The range in prices in the latest local AAA survey for unleaded regular is 42 cents, from a low of $2.37 to a high of $2.79. AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up- every trip, every time.    

Today’s local gas prices and their ranges are as follows:

Regular Unleaded
$2.599 ($2.379-$2.799)                                     
Midgrade Unleaded
$2.849 ($2.599-$3.099)                                     
Premium Unleaded
$2.999 ($2.619-$3.429)                                     
Diesel
$2.899 ($2.799-$3.099)                                     

Find the most up-to-date local gas prices with the AAA Fuel Finder by logging onto AAA.com and clicking on Gas Saving Tips & Tools. AAA members can also obtain a copy of the Gas Watcher’s Guide at their local AAA Northeast office.

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