Gas prices in Rhode Island go up as oil prices reach yearly highs, AAA Northeast says

Fed’s Preferred Inflation Gauge Shows A Modest Rise In Latest Sign Of Slowing Price Increases
Nam Y. Huh - staff, ASSOCIATED PRESS
File - A customer prepares to pump gas at a filling station in Buffalo Grove, Ill., on May 10, 2023. On Thursday, the Commerce Department issues its July report on consumer spending.

PROVIDENCE, R.I. (WLNE) — AAA Northeast said Monday gas prices in Rhode Island went up this week as oil prices reach yearly highs.

AAA Northeast said the average price of gasoline increased 5 cents from last week — averaging $3.78 per gallon. That’s 2 cents higher than a month ago and 10 cents lower than the national average.

“The seasonal slide in gas prices we normally see this time of year hasn’t materialized because crude oil prices are above $90 a barrel and could rise further,” explained Mark Schieldrop, AAA Northeast senior spokesperson.

This week’s average gas price is 21 cents higher than this time last year.

Categories: News