NEWS

Higher crude oil prices push up gasoline costs

Posted 1/14/21

Rhode Island's average gas price is up four cents from last week at $2.26 per gallon. Monday's price is 15 cents higher than a month ago and 32 cents cheaper than January 11, 2020. Rhode Island's average gas price is 5 cents lower than the national

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NEWS

Higher crude oil prices push up gasoline costs

Posted

Rhode Island’s average gas price is up four cents from last week at $2.26 per gallon. Monday’s price is 15 cents higher than a month ago and 32 cents cheaper than January 11, 2020. Rhode Island’s average gas price is 5 cents lower than the national average.

 “Gas prices are rising as supply tightens and crude oil gets more expensive. Decreasing demand is outweighed by these other factors at the moment,” said Lloyd Albert, Senior Vice President of Public and Government Affairs for AAA Northeast. “Last week crude oil pushed to the highest price since before the pandemic. If crude prices remain high, Americans can expect to pay more at the pump this month.”  

AAA Northeast’s January 11 survey of fuel prices found the current national average to be 6 cents higher than last week, averaging $2.31 a gallon. Today’s national average price is 16 cents higher than a month ago, and 27 cents cheaper than this day last year.

gas, AAA

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