Survey finds gas down 2 cents a gallon

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Gasoline prices in Rhode Island are down two cents this week according to AAA Northeast. 

AAA Northeast’s May 15 survey of prices in Rhode Island finds self-serve, regular unleaded averaging $2.31 per gallon. Rhode Island’s price is three cents below the national average of $2.34. A year ago at this time, the average price in Rhode Island was 9 cents lower at $2.22.

“Typically, gas prices tick upward at this time of year, as weather warms and more travelers take to the roads.  But a glut of gasoline in the U.S., coupled with record high refinery production and lower crude oil prices in recent weeks, is buffering consumers from dramatic price increases,” said Lloyd Albert, AAA Northeast Senior Vice President of Public and Government Affairs.

The range in prices in the latest AAA survey for unleaded regular is 32 cents, from a low of $2.17 to a high of $2.49.

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