Massachusetts, Rhode Island Gas Prices on the Rise Again
You may have noticed the price for a gallon of gasoline has begun to inch upward again following a sharp decline during the summer months.
According to AAA Northeast, "OPEC+'s recent announcement that the group of oil-producing nations would slash output by two million barrels per day led to the price of oil creeping above $90 a barrel for the first time in several weeks. A higher cost for oil usually means more expensive gasoline."
"Domestic demand increased as more drivers fueled up last week. The average pump price for a gallon of gas rose 12 cents over the past week to hit $3.91," AAA reported.
In Massachusetts, the average price for a gallon of regular unleaded was $3.58 on Tuesday – up from $3.568 on Monday and $3.489 a week prior.
In Rhode Island, a gallon of regular unleaded gasoline cost $3.507 on Tuesday, up from $3.482 on Monday and $3.316 a week prior.
To follow current trends in gasoline prices, check AAA Northeast's daily price tracker for Massachusetts and Rhode Island. Gas Buddy.com helps you to find the best deals on gasoline in Massachusetts and Rhode Island.
Not only are gasoline prices rising, but the cost of diesel is also climbing. The trucks that deliver goods to supermarkets, restaurants, and stores run on diesel. That could mean an increase in consumer costs.
A gallon of diesel was selling for $5.146 in Massachusetts on Tuesday, up from $5.087 on Monday and $4.888 a week prior.
In Rhode Island, diesel is even higher – $5.197 on Tuesday, up from $5.107 on Monday and $4.774 a week prior.
According to AAA Northeast, the record-high price for a gallon of regular unleaded gasoline in Massachusetts was $5.049, recorded on June 12, 2022. The highest diesel price was $6.41 on May 18, 2022.
In Rhode Island, the record for unleaded regular was $5.02, set on June 13, 2022. The highest diesel price was $6.471 on May 18, 2022.
AAA Northeast offers some tips for saving fuel on its website.