Rhode Island gas prices up 8 cents this week

Samantha Latos,
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) — AAA Northeast said Monday that the average price of gasoline in Rhode Island went up 8 cents this week.

The average is up to $3.50 per gallon, up 26 cents from last month.

AAA said the upward trend may end soon if the price of oil falls as predicted.

“The recent surge in oil costs took a break last week, with the price of oil tumbling back into the upper $70s per barrel,” said Director of Public Affairs for AAA Northeast, Diana Gugliotta. “If this oil price trend continues, drivers may see falling gas prices sooner rather than later.”

Although the price of gas has been rising in Rhode Island, this week’s average was 59 cents lower than this time last year.

 

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