PROVIDENCE - Gasoline prices fell for the third consecutive week as the cost per gallon fell 4 cents in Rhode Island, AAA Southern New England said yesterday.
On July 13 Auto Club survey of the average price of self-serve unleaded regular at Ocean State stations was $ 2.63 per gallon. That was 4 cents below the average for the last week, and a reduction of 7 cents, because three weeks ago. The price is 97 cents since the beginning of the year.
The cost of gas has risen this spring, as the market price of crude oil increased, and prices falling in recent weeks against the backdrop of disturbing signs in the global economy.
In its review, AAA found prices in Rhode Island range from $ 2.45 to $ 2.76 per gallon of unleaded regular. At $ 2.63, the average price per gallon in Rhode Island at 11 cents higher than the nationwide average price of $ 2.52.
A year ago, gas prices in Rhode Island was near all time high (not adjusted for inflation) of $ 4.09 per gallon, according to AAA.
In Massachusetts, the survey showed the average price of self-serve unleaded regular was $ 2.56 per gallon, compared with 3 cents last week, but 4 cents above the national average.
At stations in Rhode Island this week, a survey revealed the average self-serve price of $ 2.78 per gallon of unleaded midgrade, $ 2.87 for premium unleaded gasoline and $ 2.66 for diesel fuel.
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