Rhode Island
Lower oil prices equal lower costs at the pump
Rhode Island’s common fuel value is down 2 cents from final week, averaging $3.27 per gallon. Monday’s value is 5 cents decrease than a month in the past, and 96 cents decrease than March 20, 2022 . Rhode Island’s common fuel value is 17 cents decrease than the nationwide common.
“The worldwide oil value has plunged to round $65 per barrel, a stage not seen since December of 2021. On condition that the price of oil accounts for 55% of what we pay for fuel, it isn’t shocking to see costs drop on the pump,” mentioned Diana Gugliotta, Director of Public Affairs for AAA Northeast.
AAA Northeast’s March 20 survey of gasoline costs discovered the present nationwide common to be 3 cents decrease than final week, averaging $3.44 a gallon. Monday’s nationwide common value is 3 cents increased than a month in the past, and is 81 cents decrease than at the present time final yr