Flexible Subscription Options - Now Available - Learn More
eEdition Subscribers - Register your account.
Summer Guide 2012 - Your complete resource for what to do, what to see, and where to go!
1

Cars Blog

R.I. gasoline jumps 4 cents to $1.71 a gallon

Comments  | Recommend
January 6, 2009 10:02 am
By Peter C. T. Elsworth

There are signals that Rhode Island gasoline prices have hit bottom, at least for now, according to The Providence Journal.

Yesterday marked the first significant increase in the average price of gasoline since last summer, and a spike in crude oil prices over the past few days may translate into further increases at the pump.

The average price of self-serve gasoline in Rhode Island yesterday was $1.709 a gallon, up four cents from last week.

Except for a short-lived 2-cent increase last month, gasoline has fallen or stayed the same every week since June, according to the weekly surveys of local stations by the Rhode Island Office of Energy Resources.

But the main driver of gasoline prices -- crude oil futures -- has been rising. Yesterday, light sweet crude for February delivery rose $2.44 cents to $48.78 a barrel on the New York Mercantile Exchange. On Friday, it rose $1.74 to settle at $46.34.

Share Your Thoughts
Guidelines: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
Providence Journal - Subscribe Now & Get Our Latest Offer
MOST COMMENTED