PROVIDENCE — Gasoline costs within the Ocean State are up by 4 cents per gallon this week as strong demand and a slight improve in oil costs led to an early April uptick in prices.
A survey of gasoline costs in Rhode Island on Monday discovered self-serve, common unleaded averaging $3.27 per gallon, a rise of 4 cents over the previous week and three cents over the previous month. The state has nonetheless remained steadily under the nationwide common, which rose to $3.50 over the previous week.
“Oil costs lastly crested and have now settled above the $70-per-barrel mark after weeks of hovering just under it, and gasoline demand may be very strong,” mentioned Diana Gugliotta, director of public affairs for AAA Northeast. “These two components will trigger drivers to see costs improve for now. We may even be watching intently to see how a lot oil manufacturing cuts by OPEC nations will influence oil and gasoline costs.”
On Sunday, the OPEC nations introduced a shock reduce in manufacturing. It’s unclear how that reduce might influence the market, however worldwide specialists predict a basic improve in gasoline and oil prices worldwide.
AAA Northeast’s Monday survey discovered the present nationwide common to be 7 cents larger than final week and 11 cents larger than a month in the past.
— Jason Vallee