Demand up, gas prices down, says AAA

Posted 10/31/19

Gasoline prices in Rhode Island are down one cent this week, according to AAA Northeast. AAA Northeast's October 28 survey of prices in Rhode Island finds self-serve, regular unleaded averaging $2.48 per gallon. Rhode Island's price is 12 cents below the

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Demand up, gas prices down, says AAA

Posted

Gasoline prices in Rhode Island are down one cent this week, according to AAA Northeast.

AAA Northeast’s October 28 survey of prices in Rhode Island finds self-serve, regular unleaded averaging $2.48 per gallon. Rhode Island’s price is 12 cents below the national average of $2.60. A year ago at this time, the average price in Rhode Island was 33 cents higher at $2.81 per gallon.

“Despite a jump in gasoline demand and a draw-down in gasoline stocks, the national average price dropped four cents this week, the largest one-week decrease since gas prices started to increase more than six weeks ago,” said Lloyd Albert, Senior Vice President of AAA Public and Government Affairs. “Today’s average for regular unleaded gasoline is a nickel cheaper than last month, and 21 cents cheaper than last year at this time.”

The range in prices in the latest AAA survey for unleaded regular is 35 cents, from a low of $2.35 to a high of $2.70.

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