Could it go lower?

By JOHN HOWELL
Posted 3/26/20

While at $1.96 a gallon at the Gulf service station on West Shore Rd. in Warwick is the lowest it's been in about a decade, station owner and operator Atish Patel said Monday some customers are holding out for the price to drop even

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Could it go lower?

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While at $1.96 a gallon at the Gulf service station on West Shore Rd. in Warwick is the lowest it’s been in about a decade, station owner and operator Atish Patel said Monday some customers are holding out for the price to drop even lower. According to the AAA Northeast’s March 23 survey of prices in Rhode Island finds self-serve, regular unleaded averaging $2.26 per gallon, down 11 cents from last week. Rhode Island’s price is 14 cents higher than the national average of $2.12. A year ago at this time, the average price in Rhode Island was 27 cents higher at $2.53 per gallon. “Typically gas prices start to trend more expensive at the beginning of spring, especially as motorists get out to enjoy the warmer weather and travel for spring break. That is not the case this year,” said Lloyd Albert, Senior Vice President of AAA Public and Government Affairs. “With Americans urged to stay home and practice social distancing to slow the spread of the coronavirus, we are seeing less traffic on the roadways which will ultimately drive down demand, increase gasoline supply and push pump prices less expensive for the foreseeable future.” The range in prices in the latest AAA survey for unleaded regular is 70 cents, from a low of $1.89 to a high of $2.59. 

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