Unrest in Iraq Leads to RI's Highest Gas Prices of Year

Concerns about unrest in Iraq have had an impact nationwide on the price of oil and gasoline over the past week, and Rhode Island is no exception as prices locally are up three cents in the last seven days, according to AAA Southern New England. 

AAA’s June 23rd survey of prices in Rhode Island found self-serve, regular unleaded averaging $3.73 per gallon, up three cents from last week and is the highest weekly average price recorded by AAA in Rhode Island this year. Prices locally are three cents higher than a month ago. The current price is five cents more than the national average for regular unleaded of $3.68. A year ago at this time Rhode Island’s average price was 13 cents lower at $3.60.

“The average price of $3.68 per gallon is the highest price recorded nationally on this date in six years,” said Lloyd P. Albert, AAA Southern New England Senior Vice President of Public and Government Affairs. “Much of the attention of global market watchers is on the violence in Iraq and the potential impact on the oil producing capability of that country.”

The range in prices in the latest local AAA survey for unleaded regular is 35 cents, from a low of $3.54 to a high of $3.89. 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:

• $3.739 ($3.549-$3.899) Regular Unleaded
• $3.949 ($3.779-$4.089) Mid-Grade Unleaded
• $4.039 ($3.899-$4.189) Premium Unleaded
• $4.039 ($3.869-$4.309) Diesel

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