Gas prices drop 4 cents to $2.52 a gallon in Rhode Island

19 December, 2017, 07:57 | Author: Regina Lloyd
  • AAA Dec 18 Survey shows Gas Prices Continue to Drop in NJ
Credits John Lee  TAPinto Bloomfield

For the fifth consecutive week, prices have declined and are now at a level not seen since August 30, when they surged after Hurricane Harvey.

Compared to this time last month, the national average price of gas -$2.43-is 12 cents per gallon less expensive, but compared to previous year its 20 cents more per gallon.

AAA Northeast says its weekly survey on Monday found that the price of regular unleaded gas fell to an average $2.52 per gallon.

Gas prices in Rhode Island are nine cents above the national average of $2.43 per gallon, and MA is three cents above the national average. The Florida average is falling at a rate of a penny per day.

"Gulf Coast refineries have completely recovered from the effects of Hurricane Harvey, and are now flooding the market with fuel in anticipation of strong demand during the year-end holidays", said AAA spokesman Mark Jenkins.




"AAA forecasts a record-setting 97.4 million Americans will take a road trip during the final 10 days of the year".

The current gas price is 25 cents above where it was a year ago. The U.S. average is almost 20 cents higher than this time a year ago.

So far in 2017, gas prices in Florida have ranged on average between highs of $2.73 per gallon in September when the state was impacted by hurricanes and a low of $2.13 per gallon in the middle of July. The cheapest was $2.30 in the Tampa-St.

Drivers can expect pump prices to continue to drop heading into the holiday season as supply strengthens and fall gasoline demand weakens.

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