Providence gas prices fall 7.9 cents, average $4.13 per gallon
PROVIDENCE, R.I. (WLNE) — In Providence, gas prices fell 7.9 cents over the past week for an average of $4.13 per gallon, the latest GasBuddy survey finds.
The cheapest station in the city was priced at $3.84 per gallon, while the most expensive was $4.39 per gallon.
The current price in Providence is 20.9 cents higher than it was a month ago, GasBuddy reported, and $1.36 higher than a year ago.
“Oil prices fell last week as Covid cases in China surged, prompting restrictions on movements and hurting oil demand. Meanwhile, President Biden’s announcement that the U.S. would be releasing 180 million barrels from the Strategic Petroleum Reserve caused an even further decline in oil, leading gas prices in nearly all areas of the country to fall over the last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy.