Gas prices fall this past week in Providence, still remaining high

Ri Gas Prices

PROVIDENCE R.I. (WLNE)- Providence gas prices have fallen 1.8 cents per gallon in the past week, according to GasBuddy’s daily survey of 200 stations in the city.

Gas prices in Providence are still 3.1 cents per gallon higher than last month, and stand $1.32 per gallon higher than a year ago.According to GasBuddy price reports, the cheapest station in Providence is priced at $3.15 per gallon today while the most expensive in the city is $3.65 per gallon.

“Gas price declines are slowly picking up momentum. With oil’s recent fall and the jury out on a new Covid variant, Omicron, we could be in store for lower prices based on many countries turning back to travel restrictions, limiting oil demand and potentially accelerating the drop in gas prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

Categories: News, Rhode Island