PROVIDENCE — An announcement final week that the Group of the Petroleum Exporting International locations, or OPEC, would lower manufacturing has ended a 16-week stretch of falling costs, with the state common climbing by 19 cents per gallon up to now seven days.
At $3.50 per gallon for normal, unleaded gasoline, Rhode Island’s state common nonetheless stays 42 cents decrease than the nationwide common. It’s 20 cents increased than a month in the past and 33 cents increased than on the identical day final 12 months.
“The introduced plans by OPEC+ to chop manufacturing definitely had an affect on oil costs, however that alone wouldn’t account for the will increase we’re seeing domestically this week,” stated Diana Gugliotta, director of public affairs for AAA Northeast. “Inventories are considerably low, and low provides result in increased costs on the pump.”
The final time Rhode Island gasoline costs elevated was in the course of the week of June 13 after they reached an all-time-high of $5.02 per gallon.
At $3.92 per gallon, Tuesday’s nationwide common is 21 cents increased than a month in the past and 65 cents increased than on the identical day final 12 months.
— Jason Vallee