While gas prices in Rhode Island remain the same, they ‘stand higher’ than 2022

Anthony Vega,
Us Inflation Likely Eased Again Last Month If More Gradually
Gas is pumped at a Costco Warehouse in Cranberry, Pa., on Monday, Jan. 23, 2023. On Tuesday, the Labor Department reports on U.S. consumer prices for January. The consumer price index is closely watched by the Federal Reserve, which has raised interest rates eight times in the past year in an attempt to cool the economy and bring down inflation. (Gene J. Puskar - staff, AP)

PROVIDENCE, R.I. (WLNE) — While gas prices in Rhode Island remain the same as last week, they now “stand higher” than last year, according to AAA Northeast.

AAA Northeast said the average price of gasoline stayed at $3.73 per gallon. That’s 2 cents lower than a month ago and 10 cents lower than the national average.

“Pump prices in New England appear to be defying the odds at the moment, despite the surge in the cost of oil,” said Mark Schieldrop, AAA Northeast senior spokesperson. “Rising oil prices, higher demand and tighter supply could push pump prices higher at least until hurricane season is over.”

This week’s average gas price is 3 cents higher than this time last year.

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